Short Interest in First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Grows By 33.3%

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) saw a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 1,600 shares, a growth of 33.3% from the October 31st total of 1,200 shares. Based on an average daily trading volume, of 4,800 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of First Trust MultiCap Growth AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in First Trust MultiCap Growth AlphaDEX Fund in the second quarter valued at approximately $37,000. Wealth Enhancement Advisory Services LLC raised its stake in shares of First Trust MultiCap Growth AlphaDEX Fund by 7.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,065 shares of the company’s stock valued at $276,000 after acquiring an additional 145 shares during the period. Gateway Wealth Partners LLC raised its stake in shares of First Trust MultiCap Growth AlphaDEX Fund by 5.1% in the 2nd quarter. Gateway Wealth Partners LLC now owns 2,360 shares of the company’s stock valued at $291,000 after acquiring an additional 114 shares during the period. Cetera Advisors LLC lifted its holdings in shares of First Trust MultiCap Growth AlphaDEX Fund by 37.6% during the 1st quarter. Cetera Advisors LLC now owns 3,021 shares of the company’s stock valued at $376,000 after acquiring an additional 826 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in First Trust MultiCap Growth AlphaDEX Fund during the 2nd quarter worth $449,000.

First Trust MultiCap Growth AlphaDEX Fund Price Performance

NASDAQ FAD opened at $149.78 on Monday. The company has a market cap of $239.65 million, a P/E ratio of 18.90 and a beta of 1.10. First Trust MultiCap Growth AlphaDEX Fund has a 12 month low of $103.90 and a 12 month high of $150.30. The company has a 50-day moving average of $138.79 and a 200-day moving average of $129.69.

First Trust MultiCap Growth AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.3848 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.54 dividend on an annualized basis and a yield of 1.03%. This is an increase from First Trust MultiCap Growth AlphaDEX Fund’s previous quarterly dividend of $0.05.

First Trust MultiCap 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.