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

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 30,656 shares, an increase of 17.0% from the March 31st total of 26,205 shares. Based on an average daily trading volume, of 6,338 shares, the days-to-cover ratio is currently 4.8 days. Currently, 1.2% of the shares of the company are short sold.

First Trust Multi Cap Growth AlphaDEX Fund Stock Up 0.3%

Shares of NASDAQ FAD traded up $0.45 during trading on Friday, reaching $178.34. 17,827 shares of the company traded hands, compared to its average volume of 12,664. First Trust Multi Cap Growth AlphaDEX Fund has a 52-week low of $131.74 and a 52-week high of $179.07. The firm has a 50 day simple moving average of $166.48 and a 200-day simple moving average of $164.99. The stock has a market capitalization of $463.68 million, a PE ratio of 25.26 and a beta of 1.17.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.0218 per share. This represents a $0.09 dividend on an annualized basis and a yield of 0.0%. This is a boost from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, March 26th.

Hedge Funds Weigh In On First Trust Multi Cap Growth AlphaDEX Fund

Several institutional investors have recently made changes to their positions in the business. Keystone Wealth Services LLC purchased a new stake in First Trust Multi Cap Growth AlphaDEX Fund in the fourth quarter worth about $8,708,000. Raymond James Financial Inc. increased its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 62.5% in the 2nd quarter. Raymond James Financial Inc. now owns 134,552 shares of the company’s stock worth $19,755,000 after acquiring an additional 51,752 shares in the last quarter. Synergy Investment Management LLC bought a new stake in First Trust Multi Cap Growth AlphaDEX Fund during the 3rd quarter worth approximately $4,218,000. Wedbush Securities Inc. purchased a new position in First Trust Multi Cap Growth AlphaDEX Fund during the fourth quarter valued at approximately $4,241,000. Finally, Kestra Advisory Services LLC boosted its position in shares of First Trust Multi Cap Growth AlphaDEX Fund by 253.5% in the first quarter. Kestra Advisory Services LLC now owns 31,173 shares of the company’s stock worth $4,954,000 after purchasing an additional 22,355 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.