First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Short Interest Down 31.7% in February

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) saw a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 6,900 shares, a decline of 31.7% from the February 13th total of 10,100 shares. Based on an average trading volume of 6,300 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.4% of the shares of the stock are sold short.

First Trust MultiCap Growth AlphaDEX Fund Stock Up 1.9 %

NASDAQ FAD opened at $131.52 on Tuesday. First Trust MultiCap Growth AlphaDEX Fund has a fifty-two week low of $114.54 and a fifty-two week high of $150.37. The stock has a market cap of $210.43 million, a price-to-earnings ratio of 22.84 and a beta of 1.10. The business has a fifty day moving average of $140.48 and a 200-day moving average of $139.02.

Hedge Funds Weigh In On First Trust MultiCap Growth AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the business. Synergy Investment Management LLC purchased a new stake in First Trust MultiCap Growth AlphaDEX Fund during the fourth quarter valued at about $28,000. 1ST Source Bank purchased a new stake in First Trust MultiCap Growth AlphaDEX Fund during the third quarter valued at about $215,000. Envestnet Asset Management Inc. grew its position in First Trust MultiCap Growth AlphaDEX Fund by 7.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,619 shares of the company’s stock valued at $224,000 after acquiring an additional 117 shares during the period. Virtu Financial LLC purchased a new stake in First Trust MultiCap Growth AlphaDEX Fund during the fourth quarter valued at about $226,000. Finally, PFG Advisors purchased a new stake in First Trust MultiCap Growth AlphaDEX Fund during the fourth quarter valued at about $259,000.

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.