First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Short Interest Up 17.0% in April

Key Points

• Short interest in First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) rose 17.0% in April to 30,656 shares, equal to 1.2% of shares outstanding and a days-to-cover ratio of 4.8 based on average daily volume.
• The fund raised its quarterly dividend to $0.0218 per share (annualized $0.09, ~0.1% yield), while shares trade around $173 with a market cap of about $449.7 million and a P/E of 25.26.

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD - ) was the target of a large growth in short interest in April. As of April 15th, there was short interest totaling 30,656 shares, a growth of 17.0% from the March 31st total of 26,205 shares. Based on an average daily volume of 6,338 shares, the days-to-cover ratio is currently 4.8 days. Currently, 1.2% of the company's shares are sold short.

First Trust Multi Cap Growth AlphaDEX Fund Trading Down 0.4%

Shares of FAD opened at $172.96 on Thursday. First Trust Multi Cap Growth AlphaDEX Fund has a 1-year low of $127.72 and a 1-year high of $179.07. The firm's 50-day moving average price is $166.30 and its 200-day moving average price is $164.90. The firm has a market capitalization of $449.70 million, a price-to-earnings ratio of 25.26 and a beta of 1.16.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.0218 per share. This represents a $0.09 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, March 26th. This is a positive change from First Trust Multi Cap Growth AlphaDEX Fund's previous quarterly dividend of $0.01.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. RPg Family Wealth Advisory LLC lifted its stake in shares of 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 purchasing an additional 116 shares during the period. Private Advisor Group LLC grew its stake in First Trust Multi Cap Growth AlphaDEX Fund by 1.0% in the third quarter. Private Advisor Group LLC now owns 14,133 shares of the company's stock worth $2,269,000 after purchasing an additional 137 shares during the period. Stonebridge Financial Planning Group LLC raised its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 1.6% in the fourth quarter. Stonebridge Financial Planning Group LLC now owns 10,415 shares of the company's stock worth $1,686,000 after purchasing an additional 161 shares in the last quarter. Synergy Investment Management LLC raised its holdings in First Trust Multi Cap Growth AlphaDEX Fund by 0.7% in the fourth quarter. Synergy Investment Management LLC now owns 26,450 shares of the company's stock worth $4,281,000 after purchasing an additional 180 shares in the last quarter. Finally, Nwam LLC lifted its position in First Trust Multi Cap Growth AlphaDEX Fund by 5.1% during the fourth quarter. Nwam LLC now owns 4,054 shares of the company's stock valued at $688,000 after buying an additional 196 shares during the period.

First Trust Multi Cap Growth AlphaDEX Fund Company Profile

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.

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