First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Short Interest Up 33.3% in November

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD - Get Free Report) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 1,600 shares, a growth of 33.3% from the October 31st total of 1,200 shares. Based on an average daily volume of 4,800 shares, the short-interest ratio is currently 0.3 days.

First Trust MultiCap Growth AlphaDEX Fund Stock Performance

Shares of NASDAQ:FAD traded up $0.68 during midday trading on Friday, hitting $149.78. The company's stock had a trading volume of 2,107 shares, compared to its average volume of 4,463. The company has a market cap of $239.65 million, a P/E ratio of 18.90 and a beta of 1.10. First Trust MultiCap Growth AlphaDEX Fund has a 12-month low of $103.90 and a 12-month high of $150.30. The business's 50 day simple moving average is $138.79 and its 200 day simple moving average is $129.61.

First Trust MultiCap Growth AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.3848 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 1.03%. This is a positive change from First Trust MultiCap Growth AlphaDEX Fund's previous quarterly dividend of $0.05. The ex-dividend date was Thursday, September 26th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its holdings in 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 valued at $39,696,000 after purchasing an additional 294,939 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in First Trust MultiCap Growth AlphaDEX Fund by 26.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 133,383 shares of the company's stock valued at $16,422,000 after acquiring an additional 27,492 shares during the last quarter. Plotkin Financial Advisors LLC purchased a new position in First Trust MultiCap Growth AlphaDEX Fund in the third quarter worth approximately $6,175,000. Private Advisor Group LLC raised its position 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 valued at $2,228,000 after purchasing an additional 656 shares during the period. Finally, RPg Family Wealth Advisory LLC lifted its stake in shares of First Trust MultiCap Growth AlphaDEX Fund by 1.1% in the 3rd quarter. RPg Family Wealth Advisory LLC now owns 11,037 shares of the company's stock valued at $1,475,000 after purchasing an additional 119 shares during the last quarter.

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.