Short Interest in First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Expands By 49.3%

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totaling 22,868 shares, a growth of 49.3% from the December 31st total of 15,315 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily volume of 17,777 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 17,777 shares, the short-interest ratio is presently 1.3 days. Approximately 1.0% of the company’s stock are short sold.

First Trust Multi Cap Growth AlphaDEX Fund Stock Down 1.7%

NASDAQ:FAD opened at $166.18 on Friday. The company has a market cap of $407.14 million, a price-to-earnings ratio of 25.26 and a beta of 1.15. The company has a fifty day simple moving average of $165.40 and a two-hundred day simple moving average of $159.85. First Trust Multi Cap Growth AlphaDEX Fund has a 52 week low of $113.03 and a 52 week high of $172.23.

First Trust Multi Cap Growth AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.0085 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.03 annualized dividend and a yield of 0.0%.

Institutional Investors Weigh In On First Trust Multi Cap Growth AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada raised its stake in First Trust Multi Cap Growth AlphaDEX Fund by 3.9% during the 1st quarter. Royal Bank of Canada now owns 25,122 shares of the company’s stock worth $3,250,000 after acquiring an additional 945 shares in the last quarter. Truist Financial Corp increased its position in First Trust Multi Cap Growth AlphaDEX Fund by 5.9% in the 2nd quarter. Truist Financial Corp now owns 48,647 shares of the company’s stock valued at $7,142,000 after acquiring an additional 2,730 shares during the period. Willner & Heller LLC increased its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 6.0% in the second quarter. Willner & Heller LLC now owns 5,071 shares of the company’s stock valued at $744,000 after purchasing an additional 288 shares during the period. Tcfg Wealth Management LLC acquired a new position in First Trust Multi Cap Growth AlphaDEX Fund in the 2nd quarter valued at $222,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 17.2% during the second quarter. Envestnet Asset Management Inc. now owns 14,754 shares of the company’s stock worth $2,166,000 after acquiring an additional 2,168 shares during the period.

First Trust Multi Cap 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. Standard & Poor’s constructs the Index by employing the AlphaDEX stock selection methodology to rank the stocks from the three component indices that comprise the S&P Composite 1500/Citigroup Growth Index, which are the S&P 500/Citigroup Growth Index, the S&P MidCap 400/Citigroup Growth Index and the S&P SmallCap 600/Citigroup Growth Index.