Short Interest in First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Expands By 126.6%

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 65,336 shares, a growth of 126.6% from the July 30th total of 28,830 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 22,484 shares, the days-to-cover ratio is currently 2.9 days.

Hedge Funds Weigh In On First Trust Large Cap Core AlphaDEX Fund

A number of institutional investors have recently modified their holdings of FEX. Wealth Watch Advisors INC raised its holdings in First Trust Large Cap Core AlphaDEX Fund by 31.3% during the 4th quarter. Wealth Watch Advisors INC now owns 688 shares of the company’s stock worth $82,000 after buying an additional 164 shares during the period. Tcfg Wealth Management LLC increased its position in shares of First Trust Large Cap Core AlphaDEX Fund by 0.9% during the first quarter. Tcfg Wealth Management LLC now owns 21,507 shares of the company’s stock worth $2,622,000 after acquiring an additional 201 shares in the last quarter. Comerica Bank raised its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 1.7% during the third quarter. Comerica Bank now owns 13,060 shares of the company’s stock worth $1,526,000 after acquiring an additional 218 shares during the period. AssuredPartners Investment Advisors LLC lifted its position in First Trust Large Cap Core AlphaDEX Fund by 1.3% in the 4th quarter. AssuredPartners Investment Advisors LLC now owns 17,385 shares of the company’s stock valued at $2,062,000 after acquiring an additional 219 shares in the last quarter. Finally, Ankerstar Wealth LLC acquired a new position in First Trust Large Cap Core AlphaDEX Fund in the 4th quarter worth $27,000.

First Trust Large Cap Core AlphaDEX Fund Stock Down 0.8%

Shares of NASDAQ:FEX traded down $1.07 on Friday, reaching $138.48. The company had a trading volume of 9,112 shares, compared to its average volume of 22,642. First Trust Large Cap Core AlphaDEX Fund has a twelve month low of $111.75 and a twelve month high of $142.60. The stock has a 50-day moving average price of $138.14 and a 200 day moving average price of $131.93. The stock has a market capitalization of $1.59 billion, a P/E ratio of 17.76 and a beta of 0.94.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.2669 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.07 dividend on an annualized basis and a yield of 0.8%.

First Trust Large Cap Core AlphaDEX Fund Company Profile

First Trust Large Cap Core 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 Large Cap Core 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 Index. Standard & Poor’s constructs the Index by ranking the stocks from the S&P 500 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.