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

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTC. Janney Montgomery Scott LLC lifted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 0.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 444,932 shares of the company’s stock valued at $71,134,000 after purchasing an additional 3,375 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 37.8% during the second quarter. Raymond James Financial Inc. now owns 268,160 shares of the company’s stock worth $40,484,000 after purchasing an additional 73,618 shares in the last quarter. Bank of America Corp DE increased its holdings in First Trust Large Cap Growth AlphaDEX Fund by 2.8% in the 2nd quarter. Bank of America Corp DE now owns 154,077 shares of the company’s stock valued at $23,261,000 after acquiring an additional 4,127 shares during the last quarter. CX Institutional lifted its position in First Trust Large Cap Growth AlphaDEX Fund by 2.6% during the fourth quarter. CX Institutional now owns 107,778 shares of the company’s stock valued at $17,231,000 after purchasing an additional 2,738 shares during the last quarter. Finally, Win Advisors Inc. bought a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter valued at approximately $14,526,000.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

NASDAQ FTC traded up $0.49 during trading on Monday, reaching $187.73. The company’s stock had a trading volume of 8,947 shares, compared to its average volume of 18,714. The firm has a fifty day moving average of $183.31 and a 200 day moving average of $172.45. The stock has a market capitalization of $1.41 billion, a PE ratio of 28.68 and a beta of 1.14. First Trust Large Cap Growth AlphaDEX Fund has a one year low of $147.94 and a one year high of $194.18.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.0419 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, June 25th.

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.