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

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

First Trust Multi Cap Growth AlphaDEX Fund Stock Up 1.3%

FAD stock traded up $2.12 during trading on Friday, reaching $167.72. The company’s stock had a trading volume of 9,941 shares, compared to its average volume of 18,016. The company has a market capitalization of $410.91 million, a P/E ratio of 25.26 and a beta of 1.15. The company’s fifty day moving average is $166.55 and its 200-day moving average is $160.89. First Trust Multi Cap Growth AlphaDEX Fund has a 1 year low of $113.03 and a 1 year high of $172.23.

First Trust Multi Cap Growth AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.0085 dividend. This represents a $0.03 annualized dividend and a yield of 0.0%. The ex-dividend date was Friday, December 12th.

Institutional Trading of First Trust Multi Cap Growth AlphaDEX Fund

Several hedge funds have recently bought and sold shares of the stock. Advyzon Investment Management LLC increased its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 437.8% in the fourth quarter. Advyzon Investment Management LLC now owns 8,110 shares of the company’s stock worth $1,313,000 after purchasing an additional 6,602 shares during the last quarter. Wells Fargo & Company MN grew its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 5.1% during the 4th quarter. Wells Fargo & Company MN now owns 136,980 shares of the company’s stock valued at $22,171,000 after buying an additional 6,702 shares in the last quarter. Wedbush Securities Inc. bought a new stake in First Trust Multi Cap Growth AlphaDEX Fund in the 4th quarter worth approximately $4,241,000. Janney Montgomery Scott LLC raised its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 417.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 9,839 shares of the company’s stock worth $1,593,000 after acquiring an additional 7,939 shares in the last quarter. Finally, Vantus Wealth LLC bought a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund during the 4th quarter valued at approximately $1,339,000.

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.