First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Stock Short Interest Report for September

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 19,155 shares, a decrease of 44.6% from the September 15th total of 34,580 shares. Based on an average daily volume of 13,622 shares, the short-interest ratio is presently 1.4 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust Multi Cap Growth AlphaDEX Fund

Several hedge funds have recently modified their holdings of the stock. Gateway Wealth Partners LLC raised its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 57.0% during the first quarter. Gateway Wealth Partners LLC now owns 3,436 shares of the company’s stock valued at $546,000 after purchasing an additional 1,247 shares during the period. Cetera Investment Advisers boosted its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 25.3% in the first quarter. Cetera Investment Advisers now owns 14,060 shares of the company’s stock valued at $2,234,000 after purchasing an additional 2,837 shares during the period. Independent Financial Group LLC purchased a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund in the first quarter valued at $759,000. Geneos Wealth Management Inc. boosted its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 6.6% in the first quarter. Geneos Wealth Management Inc. now owns 23,388 shares of the company’s stock valued at $3,717,000 after purchasing an additional 1,446 shares during the period. Finally, Ethos Financial Group LLC purchased a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund in the first quarter valued at $212,000.

First Trust Multi Cap Growth AlphaDEX Fund Trading Up 0.9%

NASDAQ:FAD traded up $1.60 during mid-day trading on Thursday, hitting $179.77. The company had a trading volume of 10,340 shares, compared to its average volume of 13,027. The business has a fifty day simple moving average of $185.05 and a 200-day simple moving average of $183.50. The firm has a market capitalization of $593.24 million, a price-to-earnings ratio of 25.26 and a beta of 1.17. First Trust Multi Cap Growth AlphaDEX Fund has a 1 year low of $150.01 and a 1 year high of $200.22.

First Trust Multi Cap Growth AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a $0.0516 dividend. This represents a $0.21 dividend on an annualized basis and a dividend yield of 0.1%. This is a decrease from First Trust Multi Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.0711. The ex-dividend date was Thursday, September 24th.

About First Trust Multi Cap 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. Standard & Poor’s constructs the Index by employing the AlphaDEX stock selection methodology to rank the stocks from the three component indices that comprise the S&P Composite 1500/Citigroup Growth Index, which are the S&P 500/Citigroup Growth Index, the S&P MidCap 400/Citigroup Growth Index and the S&P SmallCap 600/Citigroup Growth Index.