First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Short Interest Down 31.7% in February

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) was the target of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 6,900 shares, a drop of 31.7% from the February 13th total of 10,100 shares. Based on an average daily volume of 6,300 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Trading of First Trust MultiCap Growth AlphaDEX Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC grew its position in First Trust MultiCap Growth AlphaDEX Fund by 17.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,422 shares of the company’s stock valued at $335,000 after buying an additional 357 shares during the last quarter. Baird Financial Group Inc. grew its position in First Trust MultiCap Growth AlphaDEX Fund by 0.7% in the 4th quarter. Baird Financial Group Inc. now owns 14,592 shares of the company’s stock valued at $2,017,000 after buying an additional 104 shares during the last quarter. Stifel Financial Corp boosted its position in shares of First Trust MultiCap Growth AlphaDEX Fund by 20.8% during the 4th quarter. Stifel Financial Corp now owns 8,127 shares of the company’s stock worth $1,123,000 after purchasing an additional 1,402 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund during the 4th quarter worth $290,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of First Trust MultiCap Growth AlphaDEX Fund by 7.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,619 shares of the company’s stock worth $224,000 after purchasing an additional 117 shares in the last quarter.

First Trust MultiCap Growth AlphaDEX Fund Stock Up 1.9 %

Shares of NASDAQ:FAD opened at $131.52 on Tuesday. The firm’s 50 day moving average price is $140.48 and its 200 day moving average price is $139.02. The stock has a market cap of $210.43 million, a price-to-earnings ratio of 22.84 and a beta of 1.10. First Trust MultiCap Growth AlphaDEX Fund has a fifty-two week low of $114.54 and a fifty-two week high of $150.37.

About First Trust MultiCap 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.