Short Interest in First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Decreases By 43.6%

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) was the target of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 12,888 shares, a decline of 43.6% from the January 15th total of 22,868 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 13,490 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 13,490 shares, the short-interest ratio is presently 1.0 days. Currently, 0.5% of the company’s shares are sold short.

Hedge Funds Weigh In On First Trust Multi Cap Growth AlphaDEX Fund

Several hedge funds have recently added to or reduced their stakes in the stock. Truist Financial Corp grew its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 5.1% in the 3rd quarter. Truist Financial Corp now owns 51,125 shares of the company’s stock valued at $8,208,000 after buying an additional 2,478 shares during the period. Geneos Wealth Management Inc. raised its stake in First Trust Multi Cap Growth AlphaDEX Fund by 5.0% during the 3rd quarter. Geneos Wealth Management Inc. now owns 21,582 shares of the company’s stock worth $3,465,000 after buying an additional 1,020 shares during the period. Wealth Management Partners LLC raised its stake in First Trust Multi Cap Growth AlphaDEX Fund by 2.9% during the 3rd quarter. Wealth Management Partners LLC now owns 24,697 shares of the company’s stock worth $3,965,000 after buying an additional 705 shares during the period. Farther Finance Advisors LLC lifted its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 557.8% during the third quarter. Farther Finance Advisors LLC now owns 1,309 shares of the company’s stock worth $210,000 after acquiring an additional 1,110 shares in the last quarter. Finally, Nova Wealth Management Inc. grew its stake in First Trust Multi Cap Growth AlphaDEX Fund by 50.1% in the third quarter. Nova Wealth Management Inc. now owns 5,660 shares of the company’s stock valued at $909,000 after acquiring an additional 1,889 shares during the period.

First Trust Multi Cap Growth AlphaDEX Fund Stock Performance

FAD traded up $2.12 during trading on Friday, reaching $167.72. 9,944 shares of the company’s stock were exchanged, compared to its average volume of 18,058. The company’s fifty day moving average price is $166.64 and its 200-day moving average price is $161.15. The firm has a market capitalization of $410.91 million, a PE ratio of 25.26 and a beta of 1.15. First Trust Multi Cap Growth AlphaDEX Fund has a fifty-two week low of $113.03 and a fifty-two week high of $172.23.

First Trust Multi Cap Growth AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.0085 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.0%.

About First Trust Multi Cap 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. 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.