Short Interest in First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Expands By 17.0%

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) saw a significant increase in short interest in April. As of April 15th, there was short interest totaling 30,656 shares, an increase of 17.0% from the March 31st total of 26,205 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average trading volume of 6,338 shares, the short-interest ratio is currently 4.8 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of FAD. Keystone Wealth Services LLC bought a new position in First Trust Multi Cap Growth AlphaDEX Fund during the fourth quarter valued at $8,708,000. Raymond James Financial Inc. grew its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 62.5% during the second quarter. Raymond James Financial Inc. now owns 134,552 shares of the company’s stock valued at $19,755,000 after purchasing an additional 51,752 shares during the period. Synergy Investment Management LLC bought a new position in First Trust Multi Cap Growth AlphaDEX Fund during the third quarter valued at $4,218,000. Wedbush Securities Inc. bought a new position in First Trust Multi Cap Growth AlphaDEX Fund during the fourth quarter valued at $4,241,000. Finally, Kestra Advisory Services LLC grew its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 253.5% during the first quarter. Kestra Advisory Services LLC now owns 31,173 shares of the company’s stock valued at $4,954,000 after purchasing an additional 22,355 shares during the period.

First Trust Multi Cap Growth AlphaDEX Fund Trading Up 0.3%

Shares of FAD stock traded up $0.45 during trading on Friday, hitting $178.34. The company’s stock had a trading volume of 17,827 shares, compared to its average volume of 12,664. The company has a market cap of $463.68 million, a PE ratio of 25.26 and a beta of 1.17. The business has a fifty day moving average of $166.48 and a 200-day moving average of $164.99. First Trust Multi Cap Growth AlphaDEX Fund has a 52 week low of $131.74 and a 52 week high of $179.07.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

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

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.