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 target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 9,700 shares, a drop of 25.4% from the January 15th total of 13,000 shares. Based on an average daily volume of 26,500 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FTC. Patriot Financial Group Insurance Agency LLC boosted its position in First Trust Large Cap Growth AlphaDEX Fund by 1.6% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 4,803 shares of the company’s stock valued at $631,000 after purchasing an additional 77 shares during the period. Moloney Securities Asset Management LLC boosted its position in First Trust Large Cap Growth AlphaDEX Fund by 4.5% during the 4th quarter. Moloney Securities Asset Management LLC now owns 2,444 shares of the company’s stock valued at $338,000 after purchasing an additional 105 shares during the period. Cyndeo Wealth Partners LLC boosted its position in First Trust Large Cap Growth AlphaDEX Fund by 1.8% during the 3rd quarter. Cyndeo Wealth Partners LLC now owns 6,393 shares of the company’s stock valued at $840,000 after purchasing an additional 110 shares during the period. Spirit of America Management Corp NY boosted its position in First Trust Large Cap Growth AlphaDEX Fund by 9.6% during the 4th quarter. Spirit of America Management Corp NY now owns 1,339 shares of the company’s stock valued at $185,000 after purchasing an additional 117 shares during the period. Finally, Global Retirement Partners LLC boosted its position in First Trust Large Cap Growth AlphaDEX Fund by 2.9% during the 3rd quarter. Global Retirement Partners LLC now owns 4,848 shares of the company’s stock valued at $637,000 after purchasing an additional 135 shares during the period.

First Trust Large Cap Growth AlphaDEX Fund Stock Up 1.4 %

Shares of First Trust Large Cap Growth AlphaDEX Fund stock opened at $148.40 on Friday. The business has a 50-day moving average price of $143.18 and a 200 day moving average price of $135.73. First Trust Large Cap Growth AlphaDEX Fund has a fifty-two week low of $113.13 and a fifty-two week high of $149.16. The firm has a market cap of $1.18 billion, a P/E ratio of 21.72 and a beta of 1.04.

First Trust Large Cap Growth AlphaDEX Fund Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.2752 dividend. The ex-dividend date of this dividend was 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).