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

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

First Trust MultiCap Growth AlphaDEX Fund Stock Performance

Shares of FAD stock opened at $129.13 on Friday. The business’s fifty day moving average is $140.66 and its 200 day moving average is $138.92. First Trust MultiCap Growth AlphaDEX Fund has a 52-week low of $114.54 and a 52-week high of $150.37. The company has a market capitalization of $206.61 million, a PE ratio of 22.84 and a beta of 1.10.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Synergy Investment Management LLC purchased a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund during the 4th quarter valued at about $28,000. 1ST Source Bank purchased a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund during the 3rd quarter valued at about $215,000. Envestnet Asset Management Inc. raised its position in shares of First Trust MultiCap Growth AlphaDEX Fund by 7.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,619 shares of the company’s stock valued at $224,000 after buying an additional 117 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund during the 4th quarter valued at about $226,000. Finally, PFG Advisors purchased a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund during the 4th quarter valued at about $259,000.

About First Trust MultiCap 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.