Short Interest in First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Drops By 41.5%

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 20,782 shares, a drop of 41.5% from the May 14th total of 35,523 shares. Based on an average daily volume of 15,605 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.8% of the company’s shares are sold short.

First Trust Multi Cap Growth AlphaDEX Fund Stock Up 1.9%

Shares of FAD stock traded up $3.62 during mid-day trading on Monday, reaching $193.81. 7,466 shares of the stock traded hands, compared to its average volume of 13,005. The stock’s fifty day simple moving average is $179.85 and its two-hundred day simple moving average is $170.24. First Trust Multi Cap Growth AlphaDEX Fund has a 1-year low of $140.01 and a 1-year high of $194.66. The company has a market cap of $503.89 million, a price-to-earnings ratio of 25.26 and a beta of 1.17.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

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

Institutional Trading of First Trust Multi Cap Growth AlphaDEX Fund

Hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund during the fourth quarter valued at about $37,000. Garton & Associates Financial Advisors LLC acquired a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund during the fourth quarter valued at about $50,000. Cullen Frost Bankers Inc. acquired a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund during the fourth quarter valued at about $58,000. US Bancorp DE acquired a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund during the third quarter valued at about $62,000. Finally, Advocate Investing Services LLC raised its position in shares of First Trust Multi Cap Growth AlphaDEX Fund by 223.9% during the first quarter. Advocate Investing Services LLC now owns 434 shares of the company’s stock worth $69,000 after acquiring an additional 300 shares during the last quarter.

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.