First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Significant Increase in Short Interest

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 9,678 shares, an increase of 260.6% from the September 30th total of 2,684 shares. Based on an average daily volume of 16,091 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.1% of the shares of the company are short sold.

First Trust Large Cap Growth AlphaDEX Fund Stock Down 0.2%

Shares of First Trust Large Cap Growth AlphaDEX Fund stock traded down $0.33 on Thursday, reaching $175.59. 8,201 shares of the stock were exchanged, compared to its average volume of 17,764. First Trust Large Cap Growth AlphaDEX Fund has a twelve month low of $147.94 and a twelve month high of $194.18. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 28.68 and a beta of 1.13. The business has a 50 day moving average price of $176.99 and a two-hundred day moving average price of $173.24.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.0682 dividend. This is a boost from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.0419. The ex-dividend date was Thursday, September 24th. This represents a $0.27 annualized dividend and a yield of 0.2%.

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

A number of institutional investors have recently bought and sold shares of FTC. International Assets Investment Management LLC lifted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 874.9% in the third quarter. International Assets Investment Management LLC now owns 18,737 shares of the company’s stock valued at $3,324,000 after acquiring an additional 16,815 shares during the period. Founders Financial Securities LLC acquired a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund during the 3rd quarter worth approximately $216,000. D.A. Davidson & CO. purchased a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the 3rd quarter valued at approximately $6,563,000. Oppenheimer & Co. Inc. purchased a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the 3rd quarter valued at approximately $1,574,000. Finally, Kingswood Wealth Advisors LLC increased its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 5.4% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 1,904 shares of the company’s stock valued at $338,000 after purchasing an additional 98 shares in the last quarter.

First Trust Large Cap Growth AlphaDEX Fund Company Profile

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.