First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Shares Shorted: Short Interest Up 125.8% in October

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 51,429 shares, an increase of 125.8% from the September 30th total of 22,773 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 20,873 shares, the short-interest ratio is presently 2.5 days.

Institutional Trading of First Trust Large Cap Core AlphaDEX Fund

Several institutional investors and hedge funds have recently made changes to their positions in FEX. Bank of America Corp DE lifted its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 3.0% in the 1st quarter. Bank of America Corp DE now owns 234,821 shares of the company’s stock worth $28,631,000 after acquiring an additional 6,936 shares during the last quarter. Cetera Investment Advisers boosted its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 3.0% in the 1st quarter. Cetera Investment Advisers now owns 118,123 shares of the company’s stock valued at $14,402,000 after purchasing an additional 3,454 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 44.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 86,559 shares of the company’s stock valued at $12,107,000 after purchasing an additional 26,490 shares during the last quarter. Ameritas Advisory Services LLC grew its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 1,168.7% during the 2nd quarter. Ameritas Advisory Services LLC now owns 60,274 shares of the company’s stock valued at $8,431,000 after purchasing an additional 55,523 shares during the last quarter. Finally, Chicago Partners Investment Group LLC raised its position in First Trust Large Cap Core AlphaDEX Fund by 0.4% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 54,499 shares of the company’s stock worth $7,459,000 after purchasing an additional 206 shares during the period.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

FEX traded down $1.25 on Friday, reaching $137.63. The company had a trading volume of 15,586 shares, compared to its average volume of 21,850. The business has a 50 day simple moving average of $136.25 and a 200 day simple moving average of $132.04. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 17.76 and a beta of 0.94. First Trust Large Cap Core AlphaDEX Fund has a 52-week low of $111.75 and a 52-week high of $142.60.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a $0.4077 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $1.63 dividend on an annualized basis and a yield of 1.2%. This is a boost from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.2669.

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.