First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD - Get Free Report) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 6,900 shares, a decrease of 31.7% from the February 13th total of 10,100 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 6,300 shares, the short-interest ratio is currently 1.1 days.
First Trust MultiCap Growth AlphaDEX Fund Stock Up 2.3 %
Shares of First Trust MultiCap Growth AlphaDEX Fund stock traded up $2.93 during trading on Wednesday, reaching $132.08. The company's stock had a trading volume of 4,163 shares, compared to its average volume of 5,080. The business has a 50 day moving average price of $140.27 and a 200-day moving average price of $139.01. The company has a market capitalization of $217.92 million, a P/E ratio of 23.07 and a beta of 1.17. First Trust MultiCap Growth AlphaDEX Fund has a 12-month low of $114.54 and a 12-month high of $150.37.
Hedge Funds Weigh In On First Trust MultiCap Growth AlphaDEX Fund
A number of institutional investors and hedge funds have recently made changes to their positions in FAD. Raymond James Financial Inc. purchased a new stake in First Trust MultiCap Growth AlphaDEX Fund during the fourth quarter worth about $11,309,000. Plotkin Financial Advisors LLC purchased a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund during the 3rd quarter worth approximately $6,175,000. Strategic Financial Concepts LLC acquired a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund in the 4th quarter worth approximately $4,803,000. LPL Financial LLC increased its stake in First Trust MultiCap Growth AlphaDEX Fund by 7.3% in the 4th quarter. LPL Financial LLC now owns 88,960 shares of the company's stock valued at $12,295,000 after purchasing an additional 6,038 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in First Trust MultiCap Growth AlphaDEX Fund during the fourth quarter worth $715,000.
About First Trust MultiCap Growth AlphaDEX Fund
(
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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.
Further Reading
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