First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Stock Short Interest Declines 44.6%

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

First Trust Multi Cap Growth AlphaDEX Fund Stock Performance

Shares of NASDAQ FAD traded up $1.60 during midday trading on Thursday, reaching $179.77. 10,340 shares of the company’s stock were exchanged, compared to its average volume of 13,027. First Trust Multi Cap Growth AlphaDEX Fund has a 52-week low of $150.01 and a 52-week high of $200.22. The stock has a market capitalization of $593.24 million, a PE ratio of 25.26 and a beta of 1.17. The business’s fifty day moving average price is $185.05 and its two-hundred day moving average price is $183.50.

First Trust Multi Cap Growth AlphaDEX Fund Cuts Dividend

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

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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Investors Research Corp purchased a new stake in First Trust Multi Cap Growth AlphaDEX Fund during the 3rd quarter worth approximately $28,000. Envestnet Asset Management Inc. boosted its stake in shares of First Trust Multi Cap Growth AlphaDEX Fund by 23.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 30,485 shares of the company’s stock valued at $6,096,000 after buying an additional 5,744 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund during the second quarter worth approximately $244,000. Ameritas Advisory Services LLC acquired a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund during the second quarter worth approximately $320,000. Finally, Nwam LLC grew its position in shares of First Trust Multi Cap Growth AlphaDEX Fund by 9.7% during the second quarter. Nwam LLC now owns 3,074 shares of the company’s stock worth $615,000 after buying an additional 273 shares in the last quarter.

First Trust Multi Cap Growth AlphaDEX Fund Company Profile

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.