First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Sees Large Decrease in Short Interest

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 8,100 shares, a decline of 22.1% from the January 15th total of 10,400 shares. Based on an average daily volume of 5,800 shares, the days-to-cover ratio is presently 1.4 days.

First Trust MultiCap Growth AlphaDEX Fund Trading Down 0.1 %

First Trust MultiCap Growth AlphaDEX Fund stock traded down $0.15 during mid-day trading on Monday, hitting $146.58. The company had a trading volume of 2,819 shares, compared to its average volume of 5,707. First Trust MultiCap Growth AlphaDEX Fund has a 12 month low of $114.54 and a 12 month high of $150.37. The stock’s 50 day moving average price is $143.01 and its two-hundred day moving average price is $137.41. The company has a market capitalization of $234.53 million, a PE ratio of 18.90 and a beta of 1.10.

First Trust MultiCap Growth AlphaDEX Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.3113 per share. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Private Advisor Group LLC boosted its holdings in First Trust MultiCap Growth AlphaDEX Fund by 4.1% in the third quarter. Private Advisor Group LLC now owns 16,677 shares of the company’s stock worth $2,228,000 after purchasing an additional 656 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of First Trust MultiCap Growth AlphaDEX Fund by 13,486.0% in the 3rd quarter. International Assets Investment Management LLC now owns 297,126 shares of the company’s stock worth $39,696,000 after purchasing an additional 294,939 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in First Trust MultiCap Growth AlphaDEX Fund by 7.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,065 shares of the company’s stock valued at $276,000 after purchasing an additional 145 shares in the last quarter. Proactive Wealth Strategies LLC bought a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund during the 3rd quarter valued at $709,000. Finally, Nwam LLC bought a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund in the 3rd quarter worth about $546,000.

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.