Short Interest in First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Drops By 50.9%

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 32,086 shares, a drop of 50.9% from the August 15th total of 65,336 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 23,632 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Trading of First Trust Large Cap Core AlphaDEX Fund

A number of large investors have recently bought and sold shares of the business. Ameritas Advisory Services LLC boosted its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 1,168.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 60,274 shares of the company’s stock valued at $8,431,000 after buying an additional 55,523 shares during the last quarter. Virtu Financial LLC increased its holdings in First Trust Large Cap Core AlphaDEX Fund by 365.4% during the fourth quarter. Virtu Financial LLC now owns 35,266 shares of the company’s stock worth $4,183,000 after buying an additional 27,688 shares during the last quarter. Hershey Financial Advisers LLC acquired a new position in First Trust Large Cap Core AlphaDEX Fund during the first quarter worth $1,613,000. Bank of America Corp DE raised its position in First Trust Large Cap Core AlphaDEX Fund by 3.0% during the first quarter. Bank of America Corp DE now owns 234,821 shares of the company’s stock worth $28,631,000 after acquiring an additional 6,936 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in First Trust Large Cap Core AlphaDEX Fund by 16.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 46,614 shares of the company’s stock worth $5,529,000 after acquiring an additional 6,559 shares in the last quarter.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

FEX stock traded down $0.83 during midday trading on Wednesday, hitting $134.07. 12,792 shares of the company’s stock were exchanged, compared to its average volume of 22,090. First Trust Large Cap Core AlphaDEX Fund has a one year low of $111.75 and a one year high of $142.60. The company has a market cap of $1.55 billion, a PE ratio of 17.76 and a beta of 0.94. The stock’s fifty day moving average price is $137.79 and its 200-day moving average price is $132.83.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.2669 per share. This represents a $1.07 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 25th.

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.