First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD - Get Free Report) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 22,000 shares, a growth of 71.9% from the December 15th total of 12,800 shares. Based on an average daily volume of 4,900 shares, the short-interest ratio is presently 4.5 days.

Several hedge funds have recently bought and sold shares of FAD. Sanctuary Advisors LLC grew its holdings in shares of First Trust MultiCap Growth AlphaDEX Fund by 16.9% in the third quarter. Sanctuary Advisors LLC now owns 4,412 shares of the company's stock worth $655,000 after purchasing an additional 637 shares during the last quarter. Plotkin Financial Advisors LLC purchased a new stake in First Trust MultiCap Growth AlphaDEX Fund in the 3rd quarter valued at about $6,175,000. RPg Family Wealth Advisory LLC grew its stake in First Trust MultiCap Growth AlphaDEX Fund by 1.1% in the 3rd quarter. RPg Family Wealth Advisory LLC now owns 11,037 shares of the company's stock worth $1,475,000 after acquiring an additional 119 shares in the last quarter. Nwam LLC purchased a new position in shares of First Trust MultiCap Growth AlphaDEX Fund during the third quarter worth approximately $546,000. Finally, Proactive Wealth Strategies LLC purchased a new stake in shares of First Trust MultiCap Growth AlphaDEX Fund in the third quarter valued at approximately $709,000.

Shares of NASDAQ FAD opened at $142.81 on Friday. First Trust MultiCap Growth AlphaDEX Fund has a 1 year low of $108.61 and a 1 year high of $150.37. The firm has a 50-day simple moving average of $143.69 and a two-hundred day simple moving average of $134.28. The company has a market cap of $228.50 million, a P/E ratio of 18.90 and a beta of 1.10.

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.3113 per share. The ex-dividend date of this dividend was Friday, December 13th.

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.

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