First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Short Interest Up 150.0% in August

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 500 shares, an increase of 150.0% from the August 15th total of 200 shares. Based on an average trading volume of 4,500 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On First Trust MultiCap Growth AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Gateway Wealth Partners LLC boosted 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 purchasing an additional 114 shares in the last quarter. Kowal Investment Group LLC boosted its holdings in shares of First Trust MultiCap Growth AlphaDEX Fund by 0.6% during the 1st quarter. Kowal Investment Group LLC now owns 27,368 shares of the company’s stock valued at $3,410,000 after buying an additional 153 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund during the 2nd quarter valued at $37,000. Cetera Investment Advisers increased its stake in shares of First Trust MultiCap Growth AlphaDEX Fund by 3.3% in the 2nd quarter. Cetera Investment Advisers now owns 10,849 shares of the company’s stock worth $1,336,000 after acquiring an additional 342 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in First Trust MultiCap Growth AlphaDEX Fund by 3.1% during the 1st quarter. Private Advisor Group LLC now owns 16,253 shares of the company’s stock valued at $2,025,000 after acquiring an additional 484 shares during the period.

First Trust MultiCap Growth AlphaDEX Fund Price Performance

FAD traded up $1.76 during trading on Friday, hitting $129.45. 966 shares of the stock traded hands, compared to its average volume of 4,510. The firm has a 50-day moving average of $125.52 and a 200 day moving average of $122.91. First Trust MultiCap Growth AlphaDEX Fund has a 12-month low of $92.78 and a 12-month high of $130.17. The firm has a market capitalization of $213.58 million, a P/E ratio of 18.90 and a beta of 1.10.

First Trust MultiCap Growth AlphaDEX Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were paid a $0.0518 dividend. This represents a $0.21 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date was Thursday, June 27th.

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.