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

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 39,594 shares, a growth of 162.6% from the August 15th total of 15,079 shares. Based on an average daily volume of 9,994 shares, the days-to-cover ratio is currently 4.0 days. Approximately 1.3% of the company’s shares are short sold.

First Trust Multi Cap Growth AlphaDEX Fund Trading Up 1.0%

NASDAQ FAD opened at $182.10 on Friday. The stock has a market cap of $564.51 million, a PE ratio of 25.26 and a beta of 1.16. First Trust Multi Cap Growth AlphaDEX Fund has a twelve month low of $150.01 and a twelve month high of $200.22. The stock has a fifty day simple moving average of $187.19 and a 200-day simple moving average of $180.34.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.0711 dividend. This is an increase from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, June 25th. This represents a $0.28 annualized dividend and a yield of 0.2%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FAD. Royal Bank of Canada raised its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 3.9% in the 1st quarter. Royal Bank of Canada now owns 25,122 shares of the company’s stock valued at $3,250,000 after acquiring an additional 945 shares during the period. Betterment LLC purchased a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund during the 2nd quarter worth approximately $204,000. Raymond James Financial Inc. boosted its position in shares of First Trust Multi Cap Growth AlphaDEX Fund by 62.5% during the 2nd quarter. Raymond James Financial Inc. now owns 134,552 shares of the company’s stock worth $19,755,000 after purchasing an additional 51,752 shares during the period. Bank of America Corp DE boosted its position in shares of First Trust Multi Cap Growth AlphaDEX Fund by 10.6% during the 2nd quarter. Bank of America Corp DE now owns 31,719 shares of the company’s stock worth $4,657,000 after purchasing an additional 3,037 shares during the period. Finally, Truefg LLC acquired a new stake in First Trust Multi Cap Growth AlphaDEX Fund in the 2nd quarter valued at approximately $261,000.

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.