FAD Short Interest Declines by 31.7% The First Trust MultiCap Growth AlphaDEX Fund (FAD) saw its short interest drop significantly by 31.7% in February, from 10,100 to 6,900 shares. The ETF, with a market cap of $206.61 million, has been trading within a range of $114.54 to $150.37 over the past year.34