First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Short Interest Update

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 19,900 shares, an increase of 17.8% from the September 15th total of 16,900 shares. Based on an average daily trading volume, of 48,300 shares, the days-to-cover ratio is presently 0.4 days.

Shares of FTC stock opened at $86.83 on Thursday. First Trust Large Cap Growth AlphaDEX Fund has a 12 month low of $50.01 and a 12 month high of $89.75. The stock has a 50 day moving average of $84.36 and a 200-day moving average of $77.31.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 25th were issued a dividend of $0.037 per share. The ex-dividend date was Thursday, September 24th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 0.17%.

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the first quarter worth approximately $25,000. CWM LLC raised its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 8.5% in the third quarter. CWM LLC now owns 2,300 shares of the company’s stock valued at $193,000 after purchasing an additional 181 shares in the last quarter. Equitable Holdings Inc. acquired a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the second quarter valued at $201,000. Cornerstone Wealth Management LLC acquired a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the second quarter valued at $206,000. Finally, Jaffetilchin Investment Partners LLC acquired a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the second quarter valued at $218,000.

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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