Short Interest in First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Grows By 33.3%

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,600 shares, a growth of 33.3% from the October 31st total of 1,200 shares. Based on an average daily trading volume, of 4,800 shares, the short-interest ratio is currently 0.3 days.

First Trust MultiCap Growth AlphaDEX Fund Stock Up 0.5 %

FAD stock opened at $149.78 on Friday. The firm has a market cap of $239.65 million, a price-to-earnings ratio of 18.90 and a beta of 1.10. The company’s fifty day simple moving average is $138.79 and its 200 day simple moving average is $129.61. First Trust MultiCap Growth AlphaDEX Fund has a 12-month low of $103.90 and a 12-month high of $150.30.

First Trust MultiCap Growth AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.3848 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.03%. This is an increase from First Trust MultiCap Growth AlphaDEX Fund’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Investors Weigh In On First Trust MultiCap Growth AlphaDEX Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in First Trust MultiCap Growth AlphaDEX Fund in the second quarter worth $37,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of First Trust MultiCap Growth AlphaDEX Fund by 7.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,065 shares of the company’s stock worth $276,000 after purchasing an additional 145 shares in the last quarter. Gateway Wealth Partners LLC grew its stake in shares of First Trust MultiCap Growth AlphaDEX Fund by 5.1% in the 2nd quarter. Gateway Wealth Partners LLC now owns 2,360 shares of the company’s stock valued at $291,000 after buying an additional 114 shares during the period. Cetera Advisors LLC grew its stake in shares of First Trust MultiCap Growth AlphaDEX Fund by 37.6% in the 1st quarter. Cetera Advisors LLC now owns 3,021 shares of the company’s stock valued at $376,000 after buying an additional 826 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in First Trust MultiCap Growth AlphaDEX Fund in the 2nd quarter valued at about $449,000.

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.