First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Short Interest Up 536.0% in June

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) saw a significant increase in short interest in the month of June. As of June 30th, there was short interest totalling 15,900 shares, an increase of 536.0% from the June 15th total of 2,500 shares. Based on an average trading volume of 4,000 shares, the days-to-cover ratio is presently 4.0 days.

First Trust MultiCap Growth AlphaDEX Fund Stock Up 1.1 %

NASDAQ:FAD traded up $1.32 during mid-day trading on Thursday, reaching $125.17. The company’s stock had a trading volume of 4,521 shares, compared to its average volume of 4,419. First Trust MultiCap Growth AlphaDEX Fund has a 1 year low of $92.78 and a 1 year high of $125.30. The stock has a fifty day moving average of $122.52 and a 200-day moving average of $119.03. The firm has a market capitalization of $206.53 million, a PE ratio of 18.90 and a beta of 1.10.

First Trust MultiCap Growth AlphaDEX Fund Announces Dividend

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

Hedge Funds Weigh In On First Trust MultiCap Growth AlphaDEX Fund

Large investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of First Trust MultiCap Growth AlphaDEX Fund during the second quarter valued at about $37,000. Global Retirement Partners LLC increased its holdings in shares of First Trust MultiCap Growth AlphaDEX Fund by 40,650.0% during 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 in the last quarter. Cetera Advisors LLC increased its holdings in shares of First Trust MultiCap Growth AlphaDEX Fund by 37.6% during 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 in the last quarter. Willner & Heller LLC acquired a new position in shares of First Trust MultiCap Growth AlphaDEX Fund during the fourth quarter valued at about $453,000. Finally, NBC Securities Inc. increased its holdings in shares of First Trust MultiCap Growth AlphaDEX Fund by 11.9% during 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 in 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.