Short Interest in First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Decreases By 43.6%

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) was the target of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 12,888 shares, a decrease of 43.6% from the January 15th total of 22,868 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 13,490 shares, the days-to-cover ratio is currently 1.0 days. Based on an average daily volume of 13,490 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.5% of the shares of the company are sold short.

First Trust Multi Cap Growth AlphaDEX Fund Stock Up 1.3%

FAD stock traded up $2.12 during mid-day trading on Friday, reaching $167.72. The company had a trading volume of 9,944 shares, compared to its average volume of 18,058. The stock has a market capitalization of $410.91 million, a P/E ratio of 25.26 and a beta of 1.15. The stock’s 50-day simple moving average is $166.64 and its two-hundred day simple moving average is $161.00. First Trust Multi Cap Growth AlphaDEX Fund has a one year low of $113.03 and a one year high of $172.23.

First Trust Multi Cap Growth AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.0085 dividend. The ex-dividend date was Friday, December 12th. This represents a $0.03 annualized dividend and a dividend yield of 0.0%.

Hedge Funds Weigh In On First Trust Multi Cap Growth AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN increased its position in First Trust Multi Cap Growth AlphaDEX Fund by 5.1% in the 4th quarter. Wells Fargo & Company MN now owns 136,980 shares of the company’s stock valued at $22,171,000 after acquiring an additional 6,702 shares during the period. Raymond James Financial Inc. grew its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 62.5% in the second 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 in the last quarter. Keystone Wealth Services LLC bought a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund in the fourth quarter worth $8,708,000. Truist Financial Corp increased its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 5.1% during the third quarter. Truist Financial Corp now owns 51,125 shares of the company’s stock valued at $8,208,000 after purchasing an additional 2,478 shares during the period. Finally, Susquehanna International Group LLP raised its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 16.8% during the third quarter. Susquehanna International Group LLP now owns 35,426 shares of the company’s stock valued at $5,688,000 after purchasing an additional 5,105 shares in the last quarter.

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.