First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Short Interest Up 92.4% in July

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) was the target of a significant 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 trading volume of 18,301 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 0.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 444,932 shares of the company’s stock worth $71,134,000 after acquiring an additional 3,375 shares during the last quarter. Raymond James Financial Inc. grew its position in First Trust Large Cap Growth AlphaDEX Fund by 37.8% in the 2nd quarter. Raymond James Financial Inc. now owns 268,160 shares of the company’s stock valued at $40,484,000 after acquiring an additional 73,618 shares during the last quarter. Bank of America Corp DE grew its position 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 increased its stake in First Trust Large Cap Growth AlphaDEX Fund by 2.6% in the fourth quarter. CX Institutional now owns 107,778 shares of the company’s stock worth $17,231,000 after purchasing an additional 2,738 shares during the period. Finally, Win Advisors Inc. purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund in the fourth quarter worth $14,526,000.

First Trust Large Cap Growth AlphaDEX Fund Trading Up 0.3%

FTC stock opened at $187.73 on Tuesday. First Trust Large Cap Growth AlphaDEX Fund has a 12 month low of $147.94 and a 12 month high of $194.18. The company has a 50-day moving average price of $183.45 and a 200 day moving average price of $172.60. The stock has a market cap of $1.41 billion, a PE ratio of 28.68 and a beta of 1.14.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

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

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.