First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB) Sees 20.0% Increase in Short Interest

The First Trust Multi Cap Value AlphaDEX Fund (NASDAQ:FAB - Get Free Report) experienced a notable rise in short interest during February. As of February 28th, the total short interest reached 600 shares, reflecting a 20.0% increase from the 500 shares reported on February 13th. At present, approximately 0.0% of the fund's shares are sold short. Given the average daily trading volume of 4,600 shares, the current short-interest ratio stands at 0.1 days.

First Trust Multi Cap Value AlphaDEX Fund Trading Performance

On Tuesday, shares of NASDAQ:FAB decreased by $0.24, bringing the stock price to $79.70. The trading volume for the day was 4,500 shares, which is lower than the average volume of 4,814 shares. The fund has a fifty-day moving average of $82.69 and a two-hundred-day moving average of $83.96. The market capitalization for the First Trust Multi Cap Value AlphaDEX Fund is approximately $127.52 million, with a price-to-earnings (P/E) ratio of 12.96 and a beta of 1.22. Over the past year, the stock reached a low of $77.03 and a high of $90.30.

Changes in Institutional Investments

Several institutional investors have adjusted their stakes in the First Trust Multi Cap Value AlphaDEX Fund. Raymond James Financial Inc. established a new position in the fund during the fourth quarter, valued at $4,963,000. LPL Financial LLC increased its holdings in the fund by 3.4% during the same period and now owns 48,376 shares, worth $3,990,000 after acquiring an additional 1,581 shares. Commonwealth Equity Services LLC boosted its stake in the fund by 26.0%, now holding 25,592 shares valued at $2,111,000 following a purchase of 5,277 shares. Similarly, Stifel Financial Corp increased its position by 3.2%, owning a total of 23,590 shares worth $1,946,000 after acquiring 730 more shares. Lastly, Citadel Advisors LLC significantly increased its holdings by 814.2%, now owning 22,132 shares valued at $1,825,000 after buying 19,711 additional shares during the fourth quarter.

Overview of the First Trust Multi Cap Value AlphaDEX Fund

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

Investment Considerations

If you're considering investing $1,000 in the First Trust Multi Cap Value AlphaDEX Fund, it's essential to review market insights. Analysts from MarketBeat have identified several stocks that they believe are better investment opportunities than the First Trust Multi Cap Value AlphaDEX Fund, which currently holds a "Hold" rating. It may be beneficial to explore these alternative recommendations to make an informed investment decision.

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