First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Significant Increase in Short Interest

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 32,070 shares, a growth of 62.6% from the February 26th total of 19,722 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 15,453 shares, the days-to-cover ratio is presently 2.1 days.

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

A number of hedge funds have recently made changes to their positions in the business. AssuredPartners Investment Advisors LLC grew its holdings in First Trust Large Cap Core AlphaDEX Fund by 1.3% in the 4th quarter. AssuredPartners Investment Advisors LLC now owns 17,385 shares of the company’s stock worth $2,062,000 after buying an additional 219 shares in the last quarter. Farther Finance Advisors LLC raised its stake in First Trust Large Cap Core AlphaDEX Fund by 447.2% during the 4th quarter. Farther Finance Advisors LLC now owns 673 shares of the company’s stock valued at $80,000 after acquiring an additional 550 shares in the last quarter. Independent Wealth Network Inc. raised its stake in First Trust Large Cap Core AlphaDEX Fund by 9.3% during the 4th quarter. Independent Wealth Network Inc. now owns 7,530 shares of the company’s stock valued at $893,000 after acquiring an additional 638 shares in the last quarter. BIP Wealth LLC acquired a new position in First Trust Large Cap Core AlphaDEX Fund during the 4th quarter worth $15,743,000. Finally, Assetmark Inc. grew its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 12.1% in the third quarter. Assetmark Inc. now owns 1,458 shares of the company’s stock worth $170,000 after purchasing an additional 157 shares in the last quarter.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

Shares of First Trust Large Cap Core AlphaDEX Fund stock traded down $1.09 during trading on Friday, hitting $120.26. 8,214 shares of the stock were exchanged, compared to its average volume of 21,356. First Trust Large Cap Core AlphaDEX Fund has a 12 month low of $88.06 and a 12 month high of $128.37. The stock’s fifty day moving average is $124.41 and its 200 day moving average is $120.06. The stock has a market cap of $1.38 billion, a PE ratio of 17.76 and a beta of 0.99.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th will be given a $0.2942 dividend. The ex-dividend date is Thursday, March 26th. This represents a $1.18 annualized dividend and a yield of 1.0%.

First Trust Large Cap Core AlphaDEX Fund Company Profile

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.