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

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) was the recipient of a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 5,200 shares, a decline of 95.1% from the September 15th total of 106,800 shares. Based on an average daily trading volume, of 52,900 shares, the days-to-cover ratio is currently 0.1 days.

Shares of FTC opened at $112.69 on Thursday. The stock’s fifty day moving average price is $115.07 and its two-hundred day moving average price is $108.56. First Trust Large Cap Growth AlphaDEX Fund has a 1 year low of $81.92 and a 1 year high of $119.23.

Institutional investors and hedge funds have recently modified their holdings of the business. Wagner Wealth Management LLC bought a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the first quarter valued at $26,000. Creative Financial Designs Inc. ADV raised its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 11.5% in the second quarter. Creative Financial Designs Inc. ADV now owns 1,020 shares of the company’s stock valued at $112,000 after buying an additional 105 shares during the period. Koshinski Asset Management Inc. bought a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the third quarter valued at $120,000. Harbour Investments Inc. bought a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the first quarter valued at $174,000. Finally, Founders Financial Alliance LLC bought a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund during the 2nd quarter valued at $201,000.

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).

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