First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Short Interest Down 23.2% in December

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 15,315 shares, a decrease of 23.2% from the December 15th total of 19,953 shares. Based on an average trading volume of 6,371 shares, the days-to-cover ratio is currently 2.4 days. Approximately 0.7% of the company’s stock are sold short. Approximately 0.7% of the company’s stock are sold short. Based on an average trading volume of 6,371 shares, the days-to-cover ratio is currently 2.4 days.

First Trust Multi Cap Growth AlphaDEX Fund Trading Up 0.1%

FAD stock traded up $0.11 during trading on Monday, hitting $170.54. 61,462 shares of the company’s stock were exchanged, compared to its average volume of 21,887. The business has a 50-day moving average price of $162.86 and a two-hundred day moving average price of $158.39. The stock has a market capitalization of $409.30 million, a price-to-earnings ratio of 25.26 and a beta of 1.15. First Trust Multi Cap Growth AlphaDEX Fund has a 52-week low of $113.03 and a 52-week high of $171.87.

First Trust Multi Cap Growth AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.0085 per share. This represents a $0.03 annualized dividend and a dividend yield of 0.0%. The ex-dividend date was Friday, December 12th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. raised its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 8.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,372 shares of the company’s stock valued at $201,000 after buying an additional 109 shares during the last quarter. RPg Family Wealth Advisory LLC increased its position in First Trust Multi Cap Growth AlphaDEX Fund by 0.4% in the 3rd quarter. RPg Family Wealth Advisory LLC now owns 32,639 shares of the company’s stock valued at $5,240,000 after acquiring an additional 116 shares during the period. PFG Advisors increased its position in First Trust Multi Cap Growth AlphaDEX Fund by 6.6% in the 2nd quarter. PFG Advisors now owns 2,055 shares of the company’s stock valued at $302,000 after acquiring an additional 127 shares during the period. Private Advisor Group LLC raised its stake in First Trust Multi Cap Growth AlphaDEX Fund by 1.0% during the 3rd quarter. Private Advisor Group LLC now owns 14,133 shares of the company’s stock valued at $2,269,000 after acquiring an additional 137 shares during the last quarter. Finally, WCG Wealth Advisors LLC lifted its position in First Trust Multi Cap Growth AlphaDEX Fund by 1.5% during the 3rd quarter. WCG Wealth Advisors LLC now owns 13,871 shares of the company’s stock worth $2,227,000 after acquiring an additional 203 shares during the period.

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.