Short Interest in First Trust MultiCap Growth AlphaDEX Fund (NASDAQ:FAD) Expands By 6,650.0%

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

First Trust MultiCap Growth AlphaDEX Fund Trading Up 1.5 %

Shares of First Trust MultiCap Growth AlphaDEX Fund stock opened at $135.77 on Friday. The stock has a 50-day moving average price of $128.28 and a 200 day moving average price of $124.44. The company has a market cap of $278.32 million, a P/E ratio of 18.90 and a beta of 1.10. First Trust MultiCap Growth AlphaDEX Fund has a 1 year low of $92.78 and a 1 year high of $135.77.

First Trust MultiCap Growth AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.3848 dividend. This is an increase from First Trust MultiCap Growth AlphaDEX Fund’s previous quarterly dividend of $0.05. This represents a $1.54 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Investors Weigh In On First Trust MultiCap Growth AlphaDEX Fund

Several hedge funds have recently bought and sold shares of the business. Gateway Wealth Partners LLC lifted its stake in First Trust MultiCap Growth AlphaDEX Fund by 5.1% in 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. Willner & Heller LLC lifted its stake in First Trust MultiCap Growth AlphaDEX Fund by 4.1% in the 3rd quarter. Willner & Heller LLC now owns 3,913 shares of the company’s stock worth $523,000 after acquiring an additional 153 shares in the last quarter. Kowal Investment Group LLC increased its position in First Trust MultiCap Growth AlphaDEX Fund by 0.6% in the 1st quarter. Kowal Investment Group LLC now owns 27,368 shares of the company’s stock worth $3,410,000 after purchasing an additional 153 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in First Trust MultiCap Growth AlphaDEX Fund in the 2nd quarter worth about $37,000. Finally, Cetera Investment Advisers increased its position in First Trust MultiCap Growth AlphaDEX Fund by 3.3% in the 2nd quarter. Cetera Investment Advisers now owns 10,849 shares of the company’s stock worth $1,336,000 after purchasing an additional 342 shares during the last quarter.

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.