First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Sees Significant Increase in Short Interest

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 10,100 shares, an increase of 24.7% from the January 31st total of 8,100 shares. Based on an average daily volume of 6,100 shares, the days-to-cover ratio is currently 1.7 days.

First Trust MultiCap Growth AlphaDEX Fund Stock Performance

Shares of NASDAQ FAD opened at $131.21 on Friday. The stock has a market cap of $209.94 million, a price-to-earnings ratio of 22.84 and a beta of 1.10. The business has a 50 day simple moving average of $141.98 and a 200 day simple moving average of $138.85. First Trust MultiCap Growth AlphaDEX Fund has a 52 week low of $114.54 and a 52 week high of $150.37.

First Trust MultiCap Growth AlphaDEX Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.3113 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Investors Weigh In On First Trust MultiCap Growth AlphaDEX Fund

A number of large investors have recently bought and sold shares of FAD. Raymond James Financial Inc. bought a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund during the 4th quarter worth about $11,309,000. Plotkin Financial Advisors LLC bought a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund during the 3rd quarter worth $6,175,000. Strategic Financial Concepts LLC acquired a new stake in First Trust MultiCap Growth AlphaDEX Fund during the 4th quarter valued at $4,803,000. LPL Financial LLC boosted its stake 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 in the last quarter. Finally, Proactive Wealth Strategies LLC bought a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund during the third quarter worth $709,000.

About First Trust MultiCap 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.