First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Short Interest Down 33.9% in January

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totaling 44,939 shares, a decline of 33.9% from the December 31st total of 67,951 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 32,039 shares, the days-to-cover ratio is presently 1.4 days. Based on an average daily volume of 32,039 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the second quarter valued at approximately $34,000. Washington Trust Advisors Inc. purchased a new position in First Trust Large Cap Core AlphaDEX Fund in the 3rd quarter worth approximately $40,000. Rossby Financial LCC bought a new stake in First Trust Large Cap Core AlphaDEX Fund during the 3rd quarter valued at $54,000. Wealth Watch Advisors INC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the third quarter valued at about $61,000. Finally, CIBC Private Wealth Group LLC bought a new position in First Trust Large Cap Core AlphaDEX Fund during the 3rd quarter valued at approximately $62,000.

First Trust Large Cap Core AlphaDEX Fund Trading Down 0.5%

NASDAQ:FEX traded down $0.67 on Friday, hitting $123.09. The company had a trading volume of 13,037 shares, compared to its average volume of 22,327. First Trust Large Cap Core AlphaDEX Fund has a 52 week low of $88.06 and a 52 week high of $124.36. The firm has a 50 day moving average of $120.39 and a two-hundred day moving average of $116.79. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 17.76 and a beta of 0.99.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.4092 dividend. The ex-dividend date was Friday, December 12th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.32.

About First Trust Large Cap Core AlphaDEX Fund

First Trust Large Cap Core AlphaDEX Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Defined Large Cap Core 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 Index. Standard & Poor’s constructs the Index by ranking the stocks from the S&P 500 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.