First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Short Interest Up 83.6% in March

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD - Get Free Report) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 11,200 shares, an increase of 83.6% from the March 15th total of 6,100 shares. Based on an average daily volume of 6,800 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.7% of the company's shares are short sold.

First Trust MultiCap Growth AlphaDEX Fund Stock Performance

Shares of First Trust MultiCap Growth AlphaDEX Fund stock traded down $2.83 on Monday, reaching $120.73. 352 shares of the company's stock were exchanged, compared to its average volume of 10,126. The company has a market capitalization of $205.24 million, a P/E ratio of 20.90 and a beta of 1.10. First Trust MultiCap Growth AlphaDEX Fund has a 52 week low of $113.03 and a 52 week high of $150.37. The firm's 50-day moving average is $131.35 and its two-hundred day moving average is $138.26.

Institutional Investors Weigh In On First Trust MultiCap Growth AlphaDEX Fund

A number of large investors have recently bought and sold shares of FAD. Farther Finance Advisors LLC bought a new position in shares of First Trust MultiCap Growth AlphaDEX Fund during the 1st quarter worth about $26,000. Synergy Investment Management LLC bought a new position in First Trust MultiCap Growth AlphaDEX Fund in the fourth quarter worth approximately $28,000. 1ST Source Bank acquired a new stake in First Trust MultiCap Growth AlphaDEX Fund in the third quarter valued at approximately $215,000. Envestnet Asset Management Inc. increased its holdings 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 valued at $224,000 after acquiring an additional 117 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in shares of First Trust MultiCap Growth AlphaDEX Fund during the fourth quarter worth approximately $226,000.

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.