Short Interest in First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Rises By 61.2%

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 14,987 shares, a growth of 61.2% from the January 29th total of 9,298 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 40,102 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 40,102 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

Several institutional investors have recently made changes to their positions in FTC. NewEdge Advisors LLC raised its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 185.6% in the 4th quarter. NewEdge Advisors LLC now owns 11,334 shares of the company’s stock worth $1,812,000 after buying an additional 7,366 shares during the period. Zacks Investment Management purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter valued at about $338,000. Osaic Holdings Inc. increased its stake in First Trust Large Cap Growth AlphaDEX Fund by 9.7% during the fourth quarter. Osaic Holdings Inc. now owns 40,021 shares of the company’s stock worth $6,400,000 after acquiring an additional 3,551 shares during the last quarter. Private Advisor Group LLC raised its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 4.2% in the 4th quarter. Private Advisor Group LLC now owns 21,647 shares of the company’s stock worth $3,461,000 after purchasing an additional 868 shares during the period. Finally, &PARTNERS lifted its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.1% in the 4th quarter. &PARTNERS now owns 3,747 shares of the company’s stock valued at $599,000 after purchasing an additional 78 shares in the last quarter.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

NASDAQ:FTC traded down $1.32 during mid-day trading on Friday, reaching $163.60. The company’s stock had a trading volume of 14,419 shares, compared to its average volume of 24,672. The stock has a market cap of $1.28 billion, a P/E ratio of 28.68 and a beta of 1.12. The company’s fifty day simple moving average is $163.42 and its two-hundred day simple moving average is $160.67. First Trust Large Cap Growth AlphaDEX Fund has a twelve month low of $113.13 and a twelve month high of $166.91.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.0326 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.13 annualized dividend and a yield of 0.1%.

About First Trust Large Cap Growth AlphaDEX Fund

First Trust Large Cap Growth AlphaDEX Fund (the Fund), formerly First Trust Large Cap Growth Opportunities AlphaDEX Fund, is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Growth Index (the Index). The Index is an enhanced index created and administered by Standard & Poor’s, which employs the AlphaDEX stock selection methodology to select stocks from the S&P 500 Growth Index.