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

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) saw a large 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 short-interest ratio is currently 0.3 days.

First Trust MultiCap Growth AlphaDEX Fund Stock Performance

NASDAQ FAD opened at $149.78 on Monday. The company’s 50-day simple moving average is $138.79 and its two-hundred day simple moving average is $129.69. First Trust MultiCap Growth AlphaDEX Fund has a one year low of $103.90 and a one year high of $150.30. The company has a market capitalization of $239.65 million, a price-to-earnings ratio of 18.90 and a beta of 1.10.

First Trust MultiCap Growth AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.3848 dividend. This is an increase 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%.

Institutional Trading of First Trust MultiCap Growth AlphaDEX Fund

A number of hedge funds have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund during the 2nd quarter worth $37,000. Wealth Enhancement Advisory Services LLC lifted its position 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 valued at $276,000 after buying an additional 145 shares during the last quarter. Gateway Wealth Partners LLC boosted its holdings in shares of First Trust MultiCap Growth AlphaDEX Fund by 5.1% in the 2nd quarter. Gateway Wealth Partners LLC now owns 2,360 shares of the company’s stock valued at $291,000 after buying an additional 114 shares in the last quarter. Cetera Advisors LLC grew its position in shares of First Trust MultiCap Growth AlphaDEX Fund by 37.6% in the 1st quarter. Cetera Advisors LLC now owns 3,021 shares of the company’s stock worth $376,000 after buying an additional 826 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of First Trust MultiCap Growth AlphaDEX Fund during the 2nd quarter worth approximately $449,000.

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.