First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Short Interest Update

First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD - Get Free Report) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 12,600 shares, a decrease of 6.7% from the September 30th total of 13,500 shares. Based on an average daily volume of 5,300 shares, the short-interest ratio is presently 2.4 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC grew its stake in First Trust MultiCap Growth AlphaDEX Fund by 13,486.0% during the 3rd quarter. International Assets Investment Management LLC now owns 297,126 shares of the company's stock valued at $39,696,000 after purchasing an additional 294,939 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of First Trust MultiCap Growth AlphaDEX Fund by 26.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 133,383 shares of the company's stock worth $16,422,000 after buying an additional 27,492 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of First Trust MultiCap Growth AlphaDEX Fund by 4.1% in the third quarter. Private Advisor Group LLC now owns 16,677 shares of the company's stock worth $2,228,000 after buying an additional 656 shares during the last quarter. RPg Family Wealth Advisory LLC raised its holdings in First Trust MultiCap Growth AlphaDEX Fund by 4.8% in the second quarter. RPg Family Wealth Advisory LLC now owns 10,918 shares of the company's stock valued at $1,344,000 after acquiring an additional 498 shares in the last quarter. Finally, Cetera Investment Advisers boosted its stake in First Trust MultiCap Growth AlphaDEX Fund by 3.3% during the 2nd 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 during the last quarter.

First Trust MultiCap Growth AlphaDEX Fund Stock Performance

Shares of NASDAQ:FAD traded down $1.89 during trading on Thursday, reaching $134.12. 1,973 shares of the stock were exchanged, compared to its average volume of 4,527. The firm's 50-day moving average price is $131.92 and its 200 day moving average price is $125.81. The firm has a market cap of $214.59 million, a price-to-earnings ratio of 18.90 and a beta of 1.10. First Trust MultiCap Growth AlphaDEX Fund has a 12-month low of $93.54 and a 12-month high of $138.15.

First Trust MultiCap Growth AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.3848 dividend. This represents a $1.54 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from First Trust MultiCap Growth AlphaDEX Fund's previous quarterly dividend of $0.05.

First Trust MultiCap 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.