First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) Short Interest Down 32.3% in September

Key Points

• The short interest for First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD) declined by 32.3% in September, totaling 11,300 shares as of September 30th.
• In the first quarter, several institutional investors increased their positions in FAD, with Golden State Wealth Management LLC doubling its stake and now owning 10,352 shares.
• The fund recently raised its quarterly dividend to $0.0757, up from $0.07, indicating a potential increase in shareholder returns.

First Trust Multi Cap Growth AlphaDEX Fund (NASDAQ:FAD - ) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 11,300 shares, a decline of 32.3% from the September 15th total of 16,700 shares. Based on an average daily trading volume, of 6,900 shares, the short-interest ratio is presently 1.6 days. Based on an average daily trading volume, of 6,900 shares, the short-interest ratio is presently 1.6 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FAD. Farther Finance Advisors LLC acquired a new position in First Trust Multi Cap Growth AlphaDEX Fund in the first quarter valued at $26,000. Wealth Enhancement Advisory Services LLC increased its position in First Trust Multi Cap Growth AlphaDEX Fund by 6.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,589 shares of the company's stock valued at $335,000 after acquiring an additional 167 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in First Trust Multi Cap Growth AlphaDEX Fund by 41.8% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,993 shares of the company's stock valued at $1,293,000 after acquiring an additional 2,945 shares during the period. Golden State Wealth Management LLC increased its position in First Trust Multi Cap Growth AlphaDEX Fund by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 10,352 shares of the company's stock valued at $1,339,000 after acquiring an additional 5,176 shares during the period. Finally, Aviance Capital Partners LLC acquired a new position in shares of First Trust Multi Cap Growth AlphaDEX Fund in the first quarter valued at approximately $385,000.

First Trust Multi Cap Growth AlphaDEX Fund Stock Up 1.7%

FAD traded up $2.68 during trading on Thursday, hitting $162.77. 12,932 shares of the stock were exchanged, compared to its average volume of 8,199. The stock has a fifty day moving average price of $158.27 and a two-hundred day moving average price of $145.88. The firm has a market capitalization of $358.09 million, a P/E ratio of 25.26 and a beta of 1.10. First Trust Multi Cap Growth AlphaDEX Fund has a 1-year low of $113.03 and a 1-year high of $165.36.

First Trust Multi Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a $0.0757 dividend. This is a boost from First Trust Multi Cap Growth AlphaDEX Fund's previous quarterly dividend of $0.07. This represents a $0.30 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date was Thursday, September 25th.

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.

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