First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Short Interest Down 31.7% in February

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 6,900 shares, a decline of 31.7% from the February 13th total of 10,100 shares. Based on an average daily trading volume, of 6,300 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.4% of the company’s stock are sold short.

First Trust MultiCap Growth AlphaDEX Fund Stock Up 1.9 %

FAD traded up $2.39 on Monday, reaching $131.52. The company’s stock had a trading volume of 1,641 shares, compared to its average volume of 5,079. The stock has a 50 day moving average of $140.66 and a two-hundred day moving average of $139.00. The company has a market capitalization of $210.43 million, a price-to-earnings ratio of 22.84 and a beta of 1.10. First Trust MultiCap Growth AlphaDEX Fund has a fifty-two week low of $114.54 and a fifty-two week high of $150.37.

Institutional Investors Weigh In On First Trust MultiCap Growth AlphaDEX Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strategic Financial Concepts LLC purchased a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund during the fourth quarter worth approximately $4,803,000. Golden State Wealth Management LLC purchased a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund during the fourth quarter worth approximately $715,000. Fifth Third Securities Inc. raised its stake in shares of First Trust MultiCap Growth AlphaDEX Fund by 7.5% during the fourth quarter. Fifth Third Securities Inc. now owns 11,105 shares of the company’s stock worth $1,535,000 after purchasing an additional 778 shares during the last quarter. Gateway Wealth Partners LLC raised its stake in shares of First Trust MultiCap Growth AlphaDEX Fund by 12.6% during the fourth quarter. Gateway Wealth Partners LLC now owns 2,695 shares of the company’s stock worth $372,000 after purchasing an additional 302 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of First Trust MultiCap Growth AlphaDEX Fund by 7.8% during the fourth quarter. Geneos Wealth Management Inc. now owns 13,702 shares of the company’s stock worth $1,894,000 after purchasing an additional 988 shares during the last quarter.

First Trust MultiCap 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.