First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Short Interest Up 49.3% in January

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 22,868 shares, an increase of 49.3% from the December 31st total of 15,315 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average daily volume of 17,777 shares, the days-to-cover ratio is presently 1.3 days. Based on an average daily volume of 17,777 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.0% of the shares of the company are short sold.

First Trust Multi Cap Growth AlphaDEX Fund Trading Down 1.7%

FAD opened at $166.18 on Friday. First Trust Multi Cap Growth AlphaDEX Fund has a twelve month low of $113.03 and a twelve month high of $172.23. The stock has a market cap of $407.14 million, a PE ratio of 25.26 and a beta of 1.15. The business’s 50 day moving average is $165.40 and its 200-day moving average is $159.85.

First Trust Multi Cap Growth AlphaDEX Fund Cuts Dividend

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund during the 4th quarter valued at about $37,000. Allworth Financial LP acquired a new position in First Trust Multi Cap Growth AlphaDEX Fund during the second quarter valued at $39,000. US Bancorp DE acquired a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund in the 3rd quarter valued at about $62,000. Sound Income Strategies LLC increased its stake in First Trust Multi Cap Growth AlphaDEX Fund by 411.1% in the 4th quarter. Sound Income Strategies LLC now owns 460 shares of the company’s stock valued at $78,000 after buying an additional 370 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund in the fourth quarter worth $89,000.

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.