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 recipient of a large 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 Price Performance

Shares of FAD opened at $149.78 on Monday. First Trust MultiCap Growth AlphaDEX Fund has a 1-year low of $103.90 and a 1-year high of $150.30. The stock has a market cap of $239.65 million, a PE ratio of 18.90 and a beta of 1.10. The firm has a fifty day moving average price of $138.79 and a 200 day moving average price of $129.69.

First Trust MultiCap Growth AlphaDEX Fund Increases Dividend

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

Institutional Trading of First Trust MultiCap Growth AlphaDEX Fund

Large investors have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in First Trust MultiCap Growth AlphaDEX Fund during the 2nd quarter worth $37,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of First Trust MultiCap Growth AlphaDEX Fund by 7.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,065 shares of the company’s stock worth $276,000 after buying an additional 145 shares during the period. Gateway Wealth Partners LLC grew its holdings in shares of First Trust MultiCap Growth AlphaDEX Fund by 5.1% during the second quarter. Gateway Wealth Partners LLC now owns 2,360 shares of the company’s stock worth $291,000 after buying an additional 114 shares during the last quarter. Cetera Advisors LLC increased its position in 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 acquiring an additional 826 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in First Trust MultiCap Growth AlphaDEX Fund during the 2nd quarter valued at approximately $449,000.

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.