Short Interest in First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Expands By 92.4%

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 12,204 shares, a growth of 92.4% from the July 15th total of 6,342 shares. Based on an average daily trading volume, of 18,301 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the company’s stock are sold short.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

NASDAQ:FTC traded up $0.77 during trading on Friday, reaching $187.48. The company’s stock had a trading volume of 7,288 shares, compared to its average volume of 18,778. First Trust Large Cap Growth AlphaDEX Fund has a 12 month low of $147.94 and a 12 month high of $194.18. The firm has a 50 day moving average of $183.31 and a 200-day moving average of $172.39. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 28.68 and a beta of 1.14.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.0419 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.17 annualized dividend and a yield of 0.1%.

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

Large investors have recently added to or reduced their stakes in the stock. First Bancorp Inc ME purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund in the second quarter worth $60,000. Wealthcare Advisory Partners LLC grew its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 16.2% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 19,163 shares of the company’s stock worth $3,713,000 after buying an additional 2,670 shares during the period. Private Client Services LLC purchased a new position in First Trust Large Cap Growth AlphaDEX Fund during the 2nd quarter valued at about $213,000. Parallel Advisors LLC bought a new stake in First Trust Large Cap Growth AlphaDEX Fund during the first quarter worth about $443,000. Finally, Arkadios Wealth Advisors boosted its stake in First Trust Large Cap Growth AlphaDEX Fund by 2.6% during the first quarter. Arkadios Wealth Advisors now owns 5,399 shares of the company’s stock worth $832,000 after acquiring an additional 136 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.