First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Experiences Significant Increase in Short Interest

The First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) experienced a notable increase in short interest during December. As of December 15th, the total short interest reached 300 shares, marking a remarkable 200.0% rise compared to the 100 shares recorded on November 30th. With an average trading volume of 3,200 shares, the current days-to-cover ratio stands at just 0.1 days.

Market Activity of First Trust Multi Cap Value AlphaDEX Fund

On Thursday, shares of the FAB traded up by $0.22, bringing the price to $82.97 during mid-day trading. A total of 1,647 shares exchanged hands, which is below its average volume of 4,819 shares. The fund has a market capitalization of $136.90 million and a price-to-earnings ratio of 11.93. Over the past year, FAB has ranged between a low of $74.49 and a high of $90.30. Currently, the fifty-day moving average price is $85.79, with a 200-day moving average price of $83.19.

Dividend Announcement from First Trust Multi Cap Value AlphaDEX Fund

In addition to the increase in short interest, the fund recently announced a dividend payment scheduled for December 31st. Investors whose names were on the record as of December 13th will receive a dividend of $0.577 per share. The ex-dividend date for this distribution was also December 13th.

Institutional Investment in First Trust Multi Cap Value AlphaDEX Fund

Recently, several hedge funds and institutional investors have adjusted their stakes in FAB. For instance, International Assets Investment Management LLC increased its position in the fund by an astounding 8,348.9% during the third quarter, now owning 66,493 shares valued at approximately $5,618,000 after acquiring an additional 65,706 shares. Proactive Wealth Strategies LLC made a new investment in FAB, totaling $669,000. Moreover, Virtu Financial LLC raised its stake by 218.9%, now holding 8,454 shares worth about $714,000 after acquiring 5,803 additional shares. PFG Investments LLC also entered a new position in FAB, valued at $356,000, while Raymond James Trust N.A. lifted its stake by 14.3%, now owning 2,775 shares worth $219,000 after an additional purchase of 347 shares.

Overview of First Trust Multi Cap Value AlphaDEX Fund

The First Trust Multi Cap Value AlphaDEX Fund is an exchange-traded fund (ETF) designed to track the NASDAQ AlphaDEX Multi Cap Value index. This fund uses fundamental factors to select and weight value stocks from the Nasdaq US Select Indices. Established on May 8, 2007, the fund is managed by First Trust.

investment, ETF, dividend