First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Short Interest Update

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 11,200 shares, a growth of 83.6% from the March 15th total of 6,100 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 6,800 shares, the days-to-cover ratio is presently 1.6 days.

First Trust MultiCap Growth AlphaDEX Fund Price Performance

Shares of NASDAQ FAD traded up $0.47 during midday trading on Friday, hitting $123.56. 198,174 shares of the company’s stock were exchanged, compared to its average volume of 6,262. First Trust MultiCap Growth AlphaDEX Fund has a twelve month low of $113.03 and a twelve month high of $150.37. The firm has a market cap of $210.05 million, a P/E ratio of 20.90 and a beta of 1.10. The stock’s 50 day moving average price is $131.79 and its 200-day moving average price is $138.24.

Institutional Investors Weigh In On First Trust MultiCap Growth AlphaDEX Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in First Trust MultiCap Growth AlphaDEX Fund during the 4th quarter valued at about $11,309,000. Strategic Financial Concepts LLC bought a new stake in First Trust MultiCap Growth AlphaDEX Fund during the fourth quarter worth approximately $4,803,000. LPL Financial LLC lifted its position in First Trust MultiCap Growth AlphaDEX Fund by 7.3% in the fourth quarter. LPL Financial LLC now owns 88,960 shares of the company’s stock worth $12,295,000 after purchasing an additional 6,038 shares during the period. Golden State Wealth Management LLC acquired a new position in shares of First Trust MultiCap Growth AlphaDEX Fund during the 4th quarter valued at $715,000. Finally, NBC Securities Inc. raised its stake in shares of First Trust MultiCap Growth AlphaDEX Fund by 133,966.7% in the 1st quarter. NBC Securities Inc. now owns 4,022 shares of the company’s stock worth $520,000 after buying an additional 4,019 shares in the last quarter.

First Trust MultiCap 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.