Short Interest in First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Drops By 23.2%

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 15,315 shares, a decline of 23.2% from the December 15th total of 19,953 shares. Based on an average daily volume of 6,371 shares, the days-to-cover ratio is currently 2.4 days. Currently, 0.7% of the company’s stock are sold short. Currently, 0.7% of the company’s stock are sold short. Based on an average daily volume of 6,371 shares, the days-to-cover ratio is currently 2.4 days.

Hedge Funds Weigh In On First Trust Multi Cap Growth AlphaDEX Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP purchased a new stake in First Trust Multi Cap Growth AlphaDEX Fund during the 2nd quarter valued at approximately $39,000. US Bancorp DE purchased a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund in the 3rd quarter worth approximately $62,000. Ameritas Advisory Services LLC boosted its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 69.7% during the 3rd quarter. Ameritas Advisory Services LLC now owns 1,230 shares of the company’s stock worth $197,000 after purchasing an additional 505 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 8.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,372 shares of the company’s stock valued at $201,000 after buying an additional 109 shares during the last quarter. Finally, Betterment LLC purchased a new stake in First Trust Multi Cap Growth AlphaDEX Fund in the second quarter worth $204,000.

First Trust Multi Cap Growth AlphaDEX Fund Trading Up 0.1%

Shares of NASDAQ:FAD opened at $170.54 on Tuesday. First Trust Multi Cap Growth AlphaDEX Fund has a 12-month low of $113.03 and a 12-month high of $171.87. The stock has a fifty day simple moving average of $163.01 and a two-hundred day simple moving average of $158.55. The stock has a market capitalization of $409.30 million, a price-to-earnings ratio of 25.26 and a beta of 1.15.

First Trust Multi Cap Growth AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.0085 per share. The ex-dividend date was Friday, December 12th. This represents a $0.03 dividend on an annualized basis and a yield of 0.0%.

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.