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

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) was the recipient of a large drop in short interest in December. As of December 15th, there was short interest totalling 600 shares, a drop of 93.7% from the November 30th total of 9,500 shares. Based on an average daily trading volume, of 32,300 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FTC. Jane Street Group LLC boosted its stake in First Trust Large Cap Growth AlphaDEX Fund by 56.5% during the 3rd quarter. Jane Street Group LLC now owns 15,513 shares of the company’s stock worth $2,039,000 after purchasing an additional 5,602 shares during the last quarter. IHT Wealth Management LLC raised its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 0.4% in the third quarter. IHT Wealth Management LLC now owns 35,542 shares of the company’s stock valued at $4,671,000 after buying an additional 139 shares during the last quarter. Benjamin Edwards Inc. boosted its position in First Trust Large Cap Growth AlphaDEX Fund by 4,103.6% during the third quarter. Benjamin Edwards Inc. now owns 46,618 shares of the company’s stock worth $6,130,000 after acquiring an additional 45,509 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in First Trust Large Cap Growth AlphaDEX Fund by 4.0% during the third quarter. Rockefeller Capital Management L.P. now owns 14,385 shares of the company’s stock worth $1,891,000 after acquiring an additional 558 shares during the last quarter. Finally, FMR LLC raised its holdings in First Trust Large Cap Growth AlphaDEX Fund by 80.1% in the 3rd quarter. FMR LLC now owns 1,799 shares of the company’s stock valued at $236,000 after acquiring an additional 800 shares during the last quarter.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

FTC stock traded down $1.39 during trading on Friday, hitting $140.57. The stock had a trading volume of 6,289 shares, compared to its average volume of 28,084. The company’s 50-day moving average price is $141.68 and its two-hundred day moving average price is $131.06. First Trust Large Cap Growth AlphaDEX Fund has a twelve month low of $106.10 and a twelve month high of $149.16. The stock has a market capitalization of $1.15 billion, a P/E ratio of 21.72 and a beta of 1.04.

First Trust Large Cap Growth AlphaDEX Fund Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.2752 dividend. The ex-dividend date is Friday, December 13th.

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).