During December, there was a sizeable reduction in the number of short positions held in First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ: FAD). Compared to the total number of 500 shares that were subject to short interest as of December 15, the total number of shares that were subject to short interest as of December 30 was 400. This represents a decrease of 20.0% from the total number of shares subject to short interest as of December 15. Based on an average daily trading volume of 7,300 shares, the days-to-cover ratio has reached its current level of 0.1 days. Using the data, we were able to arrive at this conclusion.
On Friday at midday, the NASDAQ ticker symbol FAD reached $98.25, reflecting a gain of $1.34.
Compared to the 5-day moving average of 5,299 shares, only 3,283 units were traded today. During the previous twelve months, the price of one share of the First Trust Multi-Cap Growth AlphaDEX Fund fluctuated between a low of $88.65 and a high of $115.61. The simple moving average of the company’s stock price over the past 50 days is $97.64, and the average price over the last 200 days is $97.31.
Recent transactions have resulted in several institutional investors and hedge funds modifying the number of shares of the company’s stock they already owned. During the second quarter, Apeiron RIA LLC increased the percentage of the First Trust Multi-Cap Growth AlphaDEX Fund in its portfolio by 7.1%. As a result of Apeiron RIA LLC’s purchase of 392 additional shares during the most recent quarter, the company’s total number of shares has increased to 5,889, and their current market value is $59,000. Janney Montgomery Scott LLC invested 3.9% more of its total assets in the First Trust Multi-Cap Growth AlphaDEX Fund over the second quarter. There are now a total of 2,890 shares of the company held by Janney Montgomery Scott LLC. The value of these shares is equal to $270,000. This represents an increase of 109 shares acquired during the most recent quarter of the company’s fiscal year. Papp L. Roy & Associates invested during the second quarter of the fiscal year, valued at 222,000 dollars, and placed in the First Trust Multi-Cap Growth AlphaDEX Fund. Nwam LLC added 26.5 percent more shares to its holdings in the First Trust Multi-Cap Growth AlphaDEX Fund during the second quarter. Nwam LLC now has 4,286 shares worth $377,000 after acquiring an additional 899 shares during the preceding quarter. UBS Group AG invested 5.7% more money in the First Trust Multi-Cap Growth AlphaDEX Fund during the third quarter than during the second quarter. The agenda was complete, and this was the final and most important item. UBS Group AG currently holds a total of 7,304 shares in the company, and the value of those shares is $654,000. Since the end of the preceding quarter, this reflects an increase of 394 shares in the company’s overall holdings.
In addition, the company has just recently announced and disbursed a quarterly dividend, which was paid out on Friday, December 30. This dividend was just recently declared and distributed. On Tuesday, December 27, 2018, a dividend of $0.278 was distributed to shareholders on the record for receiving payments. On Friday, December 23, shareholders had until midnight to submit their dividend payments to the company to avoid a late fee. Because of this, the dividend yield comes to 1.13 percent, and the annual dividend payment comes to 1.11 dollars.
One example of an exchange-traded fund is the First Trust Multi-Cap Growth AlphaDEX Fund, also referred to simply as the fund (ETF). It is an equity index, and the goal of the fund is to obtain investment results that are normally consistent with the price and yield of that Index. The equity index (the Index) is the Defined Multi-Cap Growth Index. Standard & Poor’s is the organization that is accountable for both the development of the Index and its management. The constituents of the Index are chosen concerning the S&P Composite 1500/Citigroup Growth Index.
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