First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Short Interest Up 466.7% in January

First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 1,700 shares, an increase of 466.7% from the December 31st total of 300 shares. Based on an average trading volume of 3,400 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Multi Cap Value AlphaDEX Fund Stock Performance

First Trust Multi Cap Value AlphaDEX Fund stock opened at $85.12 on Wednesday. The company has a 50 day moving average price of $85.08 and a 200 day moving average price of $84.07. First Trust Multi Cap Value AlphaDEX Fund has a 52 week low of $74.99 and a 52 week high of $90.30. The firm has a market capitalization of $136.19 million, a price-to-earnings ratio of 11.93 and a beta of 1.22.

First Trust Multi Cap Value AlphaDEX Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.577 dividend. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FAB. International Assets Investment Management LLC lifted its position in First Trust Multi Cap Value AlphaDEX Fund by 8,348.9% in the 3rd quarter. International Assets Investment Management LLC now owns 66,493 shares of the company’s stock worth $5,618,000 after buying an additional 65,706 shares in the last quarter. Quad Cities Investment Group LLC increased its stake in shares of First Trust Multi Cap Value AlphaDEX Fund by 5.6% in the fourth quarter. Quad Cities Investment Group LLC now owns 9,064 shares of the company’s stock worth $748,000 after acquiring an additional 481 shares during the last quarter. Virtu Financial LLC raised its holdings in shares of First Trust Multi Cap Value AlphaDEX Fund by 218.9% during the third quarter. Virtu Financial LLC now owns 8,454 shares of the company’s stock worth $714,000 after acquiring an additional 5,803 shares in the last quarter. Proactive Wealth Strategies LLC acquired a new stake in First Trust Multi Cap Value AlphaDEX Fund during the third quarter valued at $669,000. Finally, Stratos Wealth Partners LTD. grew its stake in First Trust Multi Cap Value AlphaDEX Fund by 3.1% in the fourth quarter. Stratos Wealth Partners LTD. now owns 5,539 shares of the company’s stock valued at $457,000 after purchasing an additional 164 shares in the last quarter.

About First Trust Multi Cap Value AlphaDEX Fund

The First Trust Multi Cap Value AlphaDEX Fund (FAB) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Multi Cap Value index. The fund tracks an index that uses fundamental factors to select and weight value stocks from the Nasdaq US Select Indices. FAB was launched on May 8, 2007 and is managed by First Trust.