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

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 8,100 shares, a decline of 22.1% from the January 15th total of 10,400 shares. Based on an average daily trading volume, of 5,800 shares, the short-interest ratio is presently 1.4 days.

Hedge Funds Weigh In On First Trust MultiCap Growth AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Private Advisor Group LLC grew its position in shares of First Trust MultiCap Growth AlphaDEX Fund by 4.1% during the 3rd quarter. Private Advisor Group LLC now owns 16,677 shares of the company’s stock valued at $2,228,000 after acquiring an additional 656 shares during the period. International Assets Investment Management LLC lifted its stake in First Trust MultiCap Growth AlphaDEX Fund by 13,486.0% in the third 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. Wealth Enhancement Advisory Services LLC grew its holdings in First Trust MultiCap Growth AlphaDEX Fund by 7.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,065 shares of the company’s stock valued at $276,000 after purchasing an additional 145 shares during the period. Proactive Wealth Strategies LLC purchased a new stake in First Trust MultiCap Growth AlphaDEX Fund in the third quarter worth $709,000. Finally, Nwam LLC bought a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund in the third quarter valued at $546,000.

First Trust MultiCap Growth AlphaDEX Fund Stock Down 0.1 %

FAD stock opened at $146.58 on Friday. The business has a 50 day moving average of $143.07 and a 200-day moving average of $137.11. The firm has a market cap of $234.53 million, a PE ratio of 18.90 and a beta of 1.10. First Trust MultiCap Growth AlphaDEX Fund has a 12-month low of $114.54 and a 12-month high of $150.37.

First Trust MultiCap Growth AlphaDEX Fund Dividend Announcement

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

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.