Short Interest in First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Decreases By 50.0%

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD – Get Rating) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totalling 100 shares, a decline of 50.0% from the April 30th total of 200 shares. Based on an average trading volume of 6,700 shares, the days-to-cover ratio is currently 0.0 days.

Shares of NASDAQ FAD opened at $99.73 on Friday. First Trust Multi Cap Growth AlphaDEX Fund has a 12 month low of $92.75 and a 12 month high of $131.48. The stock has a 50-day moving average price of $105.13 and a two-hundred day moving average price of $112.72.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Monday, March 28th were paid a dividend of $0.064 per share. This represents a $0.26 annualized dividend and a yield of 0.26%. The ex-dividend date was Friday, March 25th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rockefeller Capital Management L.P. raised its stake in First Trust Multi Cap Growth AlphaDEX Fund by 1.2% during the third quarter. Rockefeller Capital Management L.P. now owns 8,045 shares of the company’s stock worth $951,000 after acquiring an additional 99 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 129.3% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 266 shares of the company’s stock valued at $33,000 after buying an additional 150 shares during the period. Leelyn Smith LLC increased its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 5.2% in the first quarter. Leelyn Smith LLC now owns 4,125 shares of the company’s stock valued at $463,000 after buying an additional 205 shares during the period. Confluence Wealth Services Inc. acquired a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $29,000. Finally, Stonebridge Financial Planning Group LLC increased its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 1.6% in the first quarter. Stonebridge Financial Planning Group LLC now owns 19,275 shares of the company’s stock valued at $2,163,000 after buying an additional 307 shares during the period.

First Trust Multi Cap Growth AlphaDEX Fund Company Profile (Get Rating)

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.

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