First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Sees Significant Growth in Short Interest

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 26,205 shares, a growth of 21.1% from the March 15th total of 21,633 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average trading volume of 8,030 shares, the days-to-cover ratio is currently 3.3 days.

First Trust Multi Cap Growth AlphaDEX Fund Trading Up 2.3%

Shares of FAD stock opened at $176.94 on Friday. First Trust Multi Cap Growth AlphaDEX Fund has a twelve month low of $119.00 and a twelve month high of $177.15. The stock has a market capitalization of $442.34 million, a price-to-earnings ratio of 25.26 and a beta of 1.16. The stock has a fifty day simple moving average of $165.09 and a two-hundred day simple moving average of $164.08.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

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

Institutional Investors Weigh In On First Trust Multi Cap Growth AlphaDEX Fund

Several hedge funds have recently made changes to their positions in FAD. Certified Advisory Corp lifted its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 5.7% during the 1st quarter. Certified Advisory Corp now owns 6,481 shares of the company’s stock worth $1,030,000 after purchasing an additional 349 shares during the last quarter. Stonebridge Financial Group LLC MO lifted its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 23.8% during the 1st quarter. Stonebridge Financial Group LLC MO now owns 9,402 shares of the company’s stock worth $1,494,000 after purchasing an additional 1,807 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 66.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 834 shares of the company’s stock worth $135,000 after purchasing an additional 334 shares during the last quarter. World Investment Advisors purchased a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund during the 4th quarter worth $291,000. Finally, Virtu Financial LLC purchased a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund during the 4th quarter worth $959,000.

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.