Short Interest in First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Drops By 41.5%

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 20,782 shares, a drop of 41.5% from the May 14th total of 35,523 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,605 shares, the days-to-cover ratio is presently 1.3 days.

Institutional Trading of First Trust Multi Cap Growth AlphaDEX Fund

Large investors have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in First Trust Multi Cap Growth AlphaDEX Fund in the fourth quarter valued at about $37,000. Garton & Associates Financial Advisors LLC acquired a new stake in First Trust Multi Cap Growth AlphaDEX Fund in the fourth quarter valued at about $50,000. Cullen Frost Bankers Inc. acquired a new stake in First Trust Multi Cap Growth AlphaDEX Fund in the fourth quarter valued at about $58,000. US Bancorp DE acquired a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund during the third quarter valued at about $62,000. Finally, Advocate Investing Services LLC boosted its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 223.9% during the first quarter. Advocate Investing Services LLC now owns 434 shares of the company’s stock valued at $69,000 after purchasing an additional 300 shares in the last quarter.

First Trust Multi Cap Growth AlphaDEX Fund Price Performance

NASDAQ:FAD traded up $3.62 during trading hours on Monday, hitting $193.81. The company’s stock had a trading volume of 7,466 shares, compared to its average volume of 13,005. The stock has a fifty day simple moving average of $179.85 and a 200-day simple moving average of $170.24. The company has a market capitalization of $503.89 million, a P/E ratio of 25.26 and a beta of 1.17. First Trust Multi Cap Growth AlphaDEX Fund has a twelve month low of $140.01 and a twelve month high of $194.66.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.0218 dividend. This represents a $0.09 annualized dividend and a yield of 0.0%. This is a boost from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, March 26th.

First Trust Multi Cap 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. Standard & Poor’s constructs the Index by employing the AlphaDEX stock selection methodology to rank the stocks from the three component indices that comprise the S&P Composite 1500/Citigroup Growth Index, which are the S&P 500/Citigroup Growth Index, the S&P MidCap 400/Citigroup Growth Index and the S&P SmallCap 600/Citigroup Growth Index.