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

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 1,600 shares, an increase of 33.3% from the October 31st total of 1,200 shares. Based on an average trading volume of 4,800 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On First Trust MultiCap Growth AlphaDEX Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Proactive Wealth Strategies LLC acquired a new stake in First Trust MultiCap Growth AlphaDEX Fund during the 3rd quarter valued at approximately $709,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of 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 worth $276,000 after purchasing an additional 145 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of First Trust MultiCap Growth AlphaDEX Fund by 4.1% during the third quarter. Private Advisor Group LLC now owns 16,677 shares of the company’s stock worth $2,228,000 after purchasing an additional 656 shares during the last quarter. International Assets Investment Management LLC lifted its position in First Trust MultiCap Growth AlphaDEX Fund by 13,486.0% during 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 period. Finally, Sanctuary Advisors LLC purchased a new stake in First Trust MultiCap Growth AlphaDEX Fund in the second quarter valued at $449,000.

First Trust MultiCap Growth AlphaDEX Fund Stock Up 0.5 %

FAD opened at $149.78 on Monday. The company has a market cap of $239.65 million, a P/E ratio of 18.90 and a beta of 1.10. The firm’s 50-day moving average price is $138.79 and its 200-day moving average price is $129.69. First Trust MultiCap Growth AlphaDEX Fund has a 52-week low of $103.90 and a 52-week high of $150.30.

First Trust MultiCap Growth AlphaDEX Fund Increases Dividend

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

About First Trust MultiCap Growth AlphaDEX Fund

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.