Short Interest in First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Rises By 61.2%

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 14,987 shares, a growth of 61.2% from the January 29th total of 9,298 shares. Based on an average daily volume of 40,102 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are short sold. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 40,102 shares, the days-to-cover ratio is presently 0.4 days.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

Shares of NASDAQ FTC traded down $1.32 during midday trading on Friday, hitting $163.60. 14,419 shares of the company’s stock were exchanged, compared to its average volume of 24,672. First Trust Large Cap Growth AlphaDEX Fund has a twelve month low of $113.13 and a twelve month high of $166.91. The firm has a market cap of $1.28 billion, a P/E ratio of 28.68 and a beta of 1.12. The stock’s 50 day moving average price is $163.42 and its 200-day moving average price is $160.67.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.0326 per share. This represents a $0.13 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Friday, December 12th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 0.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 444,932 shares of the company’s stock worth $71,134,000 after purchasing an additional 3,375 shares during the period. Raymond James Financial Inc. increased its stake in First Trust Large Cap Growth AlphaDEX Fund by 37.8% during the 2nd quarter. Raymond James Financial Inc. now owns 268,160 shares of the company’s stock valued at $40,484,000 after buying an additional 73,618 shares during the period. Commonwealth Equity Services LLC raised its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 0.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 192,639 shares of the company’s stock worth $30,949,000 after buying an additional 573 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of 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 worth $23,261,000 after acquiring an additional 4,127 shares during the period. Finally, CX Institutional boosted its holdings in shares of 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 valued at $17,231,000 after acquiring an additional 2,738 shares in the last quarter.

About First Trust Large Cap Growth AlphaDEX Fund

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.