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

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 9,678 shares, an increase of 260.6% from the September 30th total of 2,684 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 16,091 shares, the days-to-cover ratio is presently 0.6 days.

First Trust Large Cap Growth AlphaDEX Fund Stock Down 2.8%

NASDAQ FTC traded down $4.96 on Friday, hitting $170.63. The company’s stock had a trading volume of 825 shares, compared to its average volume of 17,683. The firm has a market cap of $1.28 billion, a PE ratio of 28.68 and a beta of 1.13. First Trust Large Cap Growth AlphaDEX Fund has a 1-year low of $147.94 and a 1-year high of $194.18. The company’s 50-day moving average is $176.87 and its 200 day moving average is $173.29.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.0682 dividend. The ex-dividend date was Thursday, September 24th. This is a boost from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.0419. This represents a $0.27 annualized dividend and a yield of 0.2%.

Institutional Investors Weigh In On First Trust Large Cap Growth AlphaDEX Fund

Large investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its stake in First Trust Large Cap Growth AlphaDEX Fund by 874.9% during the 3rd quarter. International Assets Investment Management LLC now owns 18,737 shares of the company’s stock valued at $3,324,000 after purchasing an additional 16,815 shares in the last quarter. Founders Financial Securities LLC bought a new stake in First Trust Large Cap Growth AlphaDEX Fund during the third quarter worth $216,000. D.A. Davidson & CO. purchased a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the 3rd quarter worth about $6,563,000. Oppenheimer & Co. Inc. purchased a new position in First Trust Large Cap Growth AlphaDEX Fund in the third quarter valued at about $1,574,000. Finally, Kingswood Wealth Advisors LLC grew its holdings in First Trust Large Cap Growth AlphaDEX Fund by 5.4% during the third quarter. Kingswood Wealth Advisors LLC now owns 1,904 shares of the company’s stock valued at $338,000 after purchasing an additional 98 shares during the period.

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.