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 target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 19,155 shares, a decline of 44.6% from the September 15th total of 34,580 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 13,622 shares, the short-interest ratio is presently 1.4 days.

First Trust Multi Cap Growth AlphaDEX Fund Stock Performance

FAD traded down $5.01 on Friday, reaching $174.76. The company had a trading volume of 11,154 shares, compared to its average volume of 13,017. First Trust Multi Cap Growth AlphaDEX Fund has a fifty-two week low of $150.01 and a fifty-two week high of $200.22. The stock has a market cap of $576.71 million, a P/E ratio of 25.26 and a beta of 1.17. The company’s fifty day moving average is $184.87 and its 200 day moving average is $183.68.

First Trust Multi Cap Growth AlphaDEX Fund Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Investors Research Corp acquired a new stake in shares of First Trust Multi Cap Growth AlphaDEX Fund during the third quarter worth $28,000. Advocate Investing Services LLC raised its stake in First Trust Multi Cap Growth AlphaDEX Fund by 223.9% in the 1st quarter. Advocate Investing Services LLC now owns 434 shares of the company’s stock worth $69,000 after purchasing an additional 300 shares in the last quarter. Western Wealth Management LLC acquired a new stake in First Trust Multi Cap Growth AlphaDEX Fund in the 1st quarter worth about $82,000. Rockefeller Capital Management L.P. raised its stake in First Trust Multi Cap Growth AlphaDEX Fund by 66.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 834 shares of the company’s stock worth $135,000 after purchasing an additional 334 shares in the last quarter. Finally, Serenity Investment Advisors bought a new stake in First Trust Multi Cap Growth AlphaDEX Fund in the 1st quarter valued at about $173,000.

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.