First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Short Interest Down 22.1% in January

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD - Get Free Report) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 8,100 shares, a drop 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 currently 1.4 days.

First Trust MultiCap Growth AlphaDEX Fund Price Performance

FAD stock traded down $0.88 during midday trading on Wednesday, reaching $146.78. 1,872 shares of the company were exchanged, compared to its average volume of 5,471. The firm has a market capitalization of $234.85 million, a price-to-earnings ratio of 18.90 and a beta of 1.10. The business has a 50-day moving average price of $143.03 and a two-hundred day moving average price of $137.81. First Trust MultiCap Growth AlphaDEX Fund has a one year low of $114.54 and a one year high of $150.37.

First Trust MultiCap Growth AlphaDEX Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.3113 dividend. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Synergy Investment Management LLC bought a new position in shares of First Trust MultiCap Growth AlphaDEX Fund during the fourth quarter worth approximately $28,000. 1ST Source Bank acquired a new position in First Trust MultiCap Growth AlphaDEX Fund during the third quarter worth about $215,000. Envestnet Asset Management Inc. grew its stake in shares of First Trust MultiCap Growth AlphaDEX Fund by 7.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,619 shares of the company's stock worth $224,000 after buying an additional 117 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of First Trust MultiCap Growth AlphaDEX Fund during the fourth quarter worth $226,000. Finally, PFG Advisors bought a new stake in First Trust MultiCap Growth AlphaDEX Fund during the 4th quarter worth $259,000.

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.