First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Sees Large Increase in Short Interest

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 13,500 shares, a growth of 6,650.0% from the September 15th total of 200 shares. Based on an average daily volume of 5,000 shares, the short-interest ratio is presently 2.7 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new position in shares of First Trust MultiCap Growth AlphaDEX Fund in the 2nd quarter valued at about $449,000. Cetera Investment Advisers raised its holdings in First Trust MultiCap Growth AlphaDEX Fund by 3.3% in the second quarter. Cetera Investment Advisers now owns 10,849 shares of the company’s stock valued at $1,336,000 after acquiring an additional 342 shares in the last quarter. Willner & Heller LLC lifted its stake in First Trust MultiCap Growth AlphaDEX Fund by 4.1% in the third quarter. Willner & Heller LLC now owns 3,913 shares of the company’s stock worth $523,000 after acquiring an additional 153 shares during the last quarter. Gateway Wealth Partners LLC grew its holdings in First Trust MultiCap Growth AlphaDEX Fund by 5.1% during the 2nd quarter. Gateway Wealth Partners LLC now owns 2,360 shares of the company’s stock worth $291,000 after acquiring an additional 114 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC increased its position in shares of First Trust MultiCap Growth AlphaDEX Fund by 4.8% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 10,918 shares of the company’s stock valued at $1,344,000 after purchasing an additional 498 shares during the last quarter.

First Trust MultiCap Growth AlphaDEX Fund Stock Down 0.6 %

Shares of FAD opened at $133.70 on Friday. First Trust MultiCap Growth AlphaDEX Fund has a fifty-two week low of $92.78 and a fifty-two week high of $134.57. The company has a market cap of $274.09 million, a P/E ratio of 18.90 and a beta of 1.10. The firm’s 50 day moving average price is $128.10 and its 200 day moving average price is $124.38.

First Trust MultiCap Growth AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.3848 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.15%. This is a positive change from First Trust MultiCap Growth AlphaDEX Fund’s previous quarterly dividend of $0.05.

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.