First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Short Interest Up 71.9% in December

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) was the recipient of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 22,000 shares, an increase of 71.9% from the December 15th total of 12,800 shares. Based on an average trading volume of 4,900 shares, the short-interest ratio is currently 4.5 days.

First Trust MultiCap Growth AlphaDEX Fund Stock Performance

Shares of First Trust MultiCap Growth AlphaDEX Fund stock traded up $1.04 during trading on Friday, reaching $143.66. 1,185 shares of the company’s stock were exchanged, compared to its average volume of 3,676. The firm’s 50-day moving average price is $143.69 and its 200 day moving average price is $134.28. First Trust MultiCap Growth AlphaDEX Fund has a 1-year low of $109.06 and a 1-year high of $150.37. The company has a market cap of $229.85 million, a P/E ratio of 18.90 and a beta of 1.10.

First Trust MultiCap Growth AlphaDEX Fund Dividend Announcement

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

Institutional Trading of First Trust MultiCap Growth AlphaDEX Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. 1ST Source Bank acquired a new stake in First Trust MultiCap Growth AlphaDEX Fund in the third quarter worth $215,000. Wealth Enhancement Advisory Services LLC grew its position in First Trust MultiCap Growth AlphaDEX Fund by 7.6% in the 3rd 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 in the last quarter. Gateway Wealth Partners LLC increased its position in shares of First Trust MultiCap Growth AlphaDEX Fund by 5.1% during the second quarter. Gateway Wealth Partners LLC now owns 2,360 shares of the company’s stock valued at $291,000 after acquiring an additional 114 shares during the last quarter. Sanctuary Advisors LLC bought a new position in First Trust MultiCap Growth AlphaDEX Fund during the second quarter valued at about $449,000. Finally, Willner & Heller LLC grew its position in shares of First Trust MultiCap Growth AlphaDEX Fund by 4.1% during the 3rd quarter. Willner & Heller LLC now owns 3,913 shares of the company’s stock valued at $523,000 after acquiring an additional 153 shares during the period.

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.