First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Short Interest Up 21.1% in March

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) was the target of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 26,205 shares, an increase of 21.1% from the March 15th total of 21,633 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 8,030 shares, the days-to-cover ratio is currently 3.3 days.

First Trust Multi Cap Growth AlphaDEX Fund Price Performance

Shares of NASDAQ FAD opened at $172.81 on Friday. The company has a 50 day simple moving average of $164.92 and a 200 day simple moving average of $163.96. The firm has a market cap of $432.03 million, a PE ratio of 25.26 and a beta of 1.16. First Trust Multi Cap Growth AlphaDEX Fund has a 1 year low of $119.00 and a 1 year high of $173.43.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.0218 dividend. This is a boost from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, March 26th. This represents a $0.09 dividend on an annualized basis and a yield of 0.1%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FAD. Royal Bank of Canada raised its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 3.9% in the 1st quarter. Royal Bank of Canada now owns 25,122 shares of the company’s stock valued at $3,250,000 after buying an additional 945 shares during the last quarter. Betterment LLC bought a new position in First Trust Multi Cap Growth AlphaDEX Fund in the 2nd quarter valued at approximately $204,000. Raymond James Financial Inc. raised its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 62.5% in the 2nd quarter. Raymond James Financial Inc. now owns 134,552 shares of the company’s stock valued at $19,755,000 after buying an additional 51,752 shares during the last quarter. Bank of America Corp DE raised its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 10.6% in the 2nd quarter. Bank of America Corp DE now owns 31,719 shares of the company’s stock valued at $4,657,000 after buying an additional 3,037 shares during the last quarter. Finally, Truefg LLC bought a new position in First Trust Multi Cap Growth AlphaDEX Fund during the 2nd quarter worth approximately $261,000.

First Trust Multi Cap 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. Standard & Poor’s constructs the Index by employing the AlphaDEX stock selection methodology to rank the stocks from the three component indices that comprise the S&P Composite 1500/Citigroup Growth Index, which are the S&P 500/Citigroup Growth Index, the S&P MidCap 400/Citigroup Growth Index and the S&P SmallCap 600/Citigroup Growth Index.