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

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD - Get Free Report) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 22,000 shares, a growth of 71.9% from the December 15th total of 12,800 shares. Based on an average trading volume of 4,900 shares, the days-to-cover ratio is currently 4.5 days.

Institutional Investors Weigh In On First Trust MultiCap Growth AlphaDEX Fund

Institutional investors have recently modified their holdings of the business. 1ST Source Bank purchased a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund during the third quarter valued at $215,000. Wealth Enhancement Advisory Services LLC increased 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 worth $276,000 after purchasing an additional 145 shares in the last quarter. Gateway Wealth Partners LLC lifted its position in shares of First Trust MultiCap Growth AlphaDEX Fund by 5.1% in the second 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 in the last quarter. Sanctuary Advisors LLC bought a new stake in First Trust MultiCap Growth AlphaDEX Fund during the 2nd quarter valued at approximately $449,000. Finally, Willner & Heller LLC grew its holdings in First Trust MultiCap Growth AlphaDEX Fund by 4.1% during the 3rd quarter. Willner & Heller LLC now owns 3,913 shares of the company's stock valued at $523,000 after buying an additional 153 shares in the last quarter.

First Trust MultiCap Growth AlphaDEX Fund Price Performance

Shares of First Trust MultiCap Growth AlphaDEX Fund stock traded up $0.79 during trading on Friday, hitting $143.41. 1,895 shares of the company's stock traded hands, compared to its average volume of 3,768. First Trust MultiCap Growth AlphaDEX Fund has a 1 year low of $109.06 and a 1 year high of $150.37. The stock has a market capitalization of $229.45 million, a P/E ratio of 18.90 and a beta of 1.10. The business has a 50-day simple moving average of $143.69 and a 200-day simple moving average of $134.28.

First Trust MultiCap Growth AlphaDEX Fund Dividend Announcement

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

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.