First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Sees Significant Decrease in Short Interest

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totalling 2,500 shares, a decline of 90.4% from the May 31st total of 26,000 shares. Based on an average trading volume of 4,700 shares, the short-interest ratio is currently 0.5 days.

First Trust MultiCap Growth AlphaDEX Fund Price Performance

Shares of FAD traded up $0.13 during midday trading on Friday, hitting $123.12. The stock had a trading volume of 3,395 shares, compared to its average volume of 4,499. The company has a 50 day simple moving average of $121.68 and a two-hundred day simple moving average of $118.31. First Trust MultiCap Growth AlphaDEX Fund has a twelve month low of $92.78 and a twelve month high of $125.14. The firm has a market cap of $190.83 million, a price-to-earnings ratio of 18.90 and a beta of 1.10.

First Trust MultiCap Growth AlphaDEX Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a $0.0518 dividend. This represents a $0.21 annualized dividend and a dividend yield of 0.17%. The ex-dividend date was Thursday, June 27th.

Institutional Trading of First Trust MultiCap Growth AlphaDEX Fund

Several hedge funds and other institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC increased its position in shares of First Trust MultiCap Growth AlphaDEX Fund by 40,650.0% in the fourth quarter. Global Retirement Partners LLC now owns 2,445 shares of the company’s stock valued at $269,000 after acquiring an additional 2,439 shares during the last quarter. Cetera Advisors LLC increased its position in shares of First Trust MultiCap Growth AlphaDEX Fund by 37.6% in the first quarter. Cetera Advisors LLC now owns 3,021 shares of the company’s stock valued at $376,000 after acquiring an additional 826 shares during the last quarter. Willner & Heller LLC acquired a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund in the fourth quarter valued at about $453,000. NBC Securities Inc. increased its position in shares of First Trust MultiCap Growth AlphaDEX Fund by 11.9% in the fourth quarter. NBC Securities Inc. now owns 4,530 shares of the company’s stock valued at $508,000 after acquiring an additional 481 shares during the last quarter. Finally, Apeiron RIA LLC increased its position in shares of First Trust MultiCap Growth AlphaDEX Fund by 7.1% in the fourth quarter. Apeiron RIA LLC now owns 7,073 shares of the company’s stock valued at $794,000 after acquiring an additional 470 shares during the last quarter.

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.