First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Short Interest Update

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 15,315 shares, a decline of 23.2% from the December 15th total of 19,953 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 6,371 shares, the days-to-cover ratio is presently 2.4 days. Based on an average daily volume of 6,371 shares, the days-to-cover ratio is presently 2.4 days. Currently, 0.7% of the company’s stock are short sold.

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

Institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its stake in First Trust Multi Cap Growth AlphaDEX Fund by 8.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,372 shares of the company’s stock valued at $201,000 after acquiring an additional 109 shares during the period. RPg Family Wealth Advisory LLC raised its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 0.4% during the third quarter. RPg Family Wealth Advisory LLC now owns 32,639 shares of the company’s stock valued at $5,240,000 after purchasing an additional 116 shares during the last quarter. PFG Advisors lifted its position in First Trust Multi Cap Growth AlphaDEX Fund by 6.6% during the second quarter. PFG Advisors now owns 2,055 shares of the company’s stock valued at $302,000 after purchasing an additional 127 shares during the period. Private Advisor Group LLC boosted its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 1.0% in the third quarter. Private Advisor Group LLC now owns 14,133 shares of the company’s stock worth $2,269,000 after purchasing an additional 137 shares during the last quarter. Finally, WCG Wealth Advisors LLC grew its position in First Trust Multi Cap Growth AlphaDEX Fund by 1.5% in the 3rd quarter. WCG Wealth Advisors LLC now owns 13,871 shares of the company’s stock worth $2,227,000 after purchasing an additional 203 shares during the period.

First Trust Multi Cap Growth AlphaDEX Fund Stock Up 0.1%

First Trust Multi Cap Growth AlphaDEX Fund stock traded up $0.11 during trading hours on Friday, hitting $170.54. The stock had a trading volume of 61,462 shares, compared to its average volume of 21,887. The stock’s 50-day moving average price is $162.86 and its 200-day moving average price is $158.39. The stock has a market capitalization of $409.30 million, a P/E ratio of 25.26 and a beta of 1.15. First Trust Multi Cap Growth AlphaDEX Fund has a 12-month low of $113.03 and a 12-month high of $171.87.

First Trust Multi Cap Growth AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.0%.

About First Trust Multi Cap Growth AlphaDEX Fund

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.