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

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 16,844 shares, a decline of 62.5% from the January 15th total of 44,939 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 12,653 shares, the days-to-cover ratio is presently 1.3 days. Based on an average trading volume of 12,653 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.1% of the company’s stock are short sold.

First Trust Large Cap Core AlphaDEX Fund Price Performance

Shares of FEX traded up $1.13 during midday trading on Friday, hitting $126.98. The stock had a trading volume of 13,498 shares, compared to its average volume of 24,423. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 17.76 and a beta of 0.99. The company has a 50 day simple moving average of $121.84 and a two-hundred day simple moving average of $117.65. First Trust Large Cap Core AlphaDEX Fund has a twelve month low of $88.06 and a twelve month high of $128.37.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

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

Hedge Funds Weigh In On First Trust Large Cap Core AlphaDEX Fund

Several hedge funds have recently made changes to their positions in the business. Ankerstar Wealth LLC acquired a new position in First Trust Large Cap Core AlphaDEX Fund during the fourth quarter worth $27,000. Hantz Financial Services Inc. bought a new stake in First Trust Large Cap Core AlphaDEX Fund during the 2nd quarter worth about $34,000. Washington Trust Advisors Inc. acquired a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 3rd quarter worth about $40,000. Rossby Financial LCC acquired a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 3rd quarter worth about $54,000. Finally, Wealth Watch Advisors INC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the 3rd quarter valued at about $61,000.

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.