Short Interest in First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Expands By 37.1%

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD - Get Free Report) was the recipient of a large growth in short interest in May. As of May 31st, there was short interest totalling 19,200 shares, a growth of 37.1% from the May 15th total of 14,000 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average trading volume of 11,800 shares, the short-interest ratio is presently 1.6 days.

First Trust Multi Cap Growth AlphaDEX Fund Stock Up 0.3%

Shares of NASDAQ:FAD traded up $0.37 during trading on Friday, reaching $141.25. 4,568 shares of the company traded hands, compared to its average volume of 6,886. The firm has a market capitalization of $268.38 million, a PE ratio of 24.53 and a beta of 1.10. First Trust Multi Cap Growth AlphaDEX Fund has a 52 week low of $113.03 and a 52 week high of $150.37. The company's 50 day moving average is $134.89 and its two-hundred day moving average is $137.11.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Baird Financial Group Inc. grew its stake in First Trust Multi Cap Growth AlphaDEX Fund by 0.7% during the fourth quarter. Baird Financial Group Inc. now owns 14,592 shares of the company's stock worth $2,017,000 after buying an additional 104 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of First Trust Multi Cap Growth AlphaDEX Fund by 20.8% during the 4th quarter. Stifel Financial Corp now owns 8,127 shares of the company's stock worth $1,123,000 after acquiring an additional 1,402 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of First Trust Multi Cap Growth AlphaDEX Fund by 7.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,619 shares of the company's stock worth $224,000 after acquiring an additional 117 shares in the last quarter. OneDigital Investment Advisors LLC bought a new position in First Trust Multi Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $290,000. Finally, Wells Fargo & Company MN raised its position in First Trust Multi Cap Growth AlphaDEX Fund by 1.2% during the fourth quarter. Wells Fargo & Company MN now owns 25,727 shares of the company's stock valued at $3,556,000 after purchasing an additional 294 shares in the last quarter.

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.