Short Interest in First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Expands By 91.0%

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 12,800 shares, an increase of 91.0% from the November 30th total of 6,700 shares. Based on an average trading volume of 5,100 shares, the days-to-cover ratio is presently 2.5 days.

First Trust MultiCap Growth AlphaDEX Fund Stock Down 1.5 %

First Trust MultiCap Growth AlphaDEX Fund stock traded down $2.12 during mid-day trading on Friday, hitting $140.07. The company had a trading volume of 3,555 shares, compared to its average volume of 4,663. First Trust MultiCap Growth AlphaDEX Fund has a 1 year low of $108.35 and a 1 year high of $150.37. The business has a fifty day moving average of $142.90 and a 200 day moving average of $132.72. The stock has a market cap of $224.11 million, a price-to-earnings ratio of 18.90 and a beta of 1.10.

First Trust MultiCap Growth AlphaDEX Fund Dividend Announcement

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.3113 per share. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Investors Weigh In On First Trust MultiCap Growth AlphaDEX Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. 1ST Source Bank acquired a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund in the third quarter valued at approximately $215,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of First Trust MultiCap Growth AlphaDEX Fund by 7.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,065 shares of the company’s stock valued at $276,000 after acquiring an additional 145 shares during the period. Gateway Wealth Partners LLC raised its position in First Trust MultiCap Growth AlphaDEX Fund by 5.1% in the 2nd quarter. Gateway Wealth Partners LLC now owns 2,360 shares of the company’s stock valued at $291,000 after purchasing an additional 114 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in First Trust MultiCap Growth AlphaDEX Fund during the 2nd quarter worth $449,000. Finally, Willner & Heller LLC grew its position in First Trust MultiCap Growth AlphaDEX Fund by 4.1% during the 3rd quarter. Willner & Heller LLC now owns 3,913 shares of the company’s stock worth $523,000 after purchasing an additional 153 shares during the last quarter.

First Trust MultiCap Growth AlphaDEX Fund Company Profile

First Trust Multi Cap Growth AlphaDEX Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Defined Multi Cap Growth Index (the Index). The Index is an enhanced index created and administered by Standard & Poor’s, which selects stocks from the S&P Composite 1500/Citigroup Growth Index.