First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Stock Short Interest Falls 81.7%

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC – Get Free Report) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 2,684 shares, a decrease of 81.7% from the September 15th total of 14,689 shares. Based on an average daily volume of 10,797 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

NASDAQ:FTC traded down $2.13 during trading hours on Monday, hitting $180.22. The stock had a trading volume of 5,634 shares, compared to its average volume of 17,862. The company has a 50 day simple moving average of $179.42 and a two-hundred day simple moving average of $177.41. First Trust Large Cap Growth AlphaDEX Fund has a one year low of $147.94 and a one year high of $194.18. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 28.68 and a beta of 1.13.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a dividend of $0.0682 per share. This is a positive change from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.0419. This represents a $0.27 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Thursday, September 24th.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Clearwater Capital Advisors LLC increased its stake in First Trust Large Cap Growth AlphaDEX Fund by 2.1% in the 1st quarter. Clearwater Capital Advisors LLC now owns 5,874 shares of the company’s stock worth $905,000 after acquiring an additional 120 shares during the last quarter. Arkadios Wealth Advisors boosted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.6% during the 1st quarter. Arkadios Wealth Advisors now owns 5,399 shares of the company’s stock valued at $832,000 after acquiring an additional 136 shares during the last quarter. Kestra Advisory Services LLC boosted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 1.8% during the 1st quarter. Kestra Advisory Services LLC now owns 11,470 shares of the company’s stock valued at $1,768,000 after acquiring an additional 206 shares during the last quarter. First Bancorp Inc ME bought a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund during the 2nd quarter valued at about $60,000. Finally, Greenup Street Wealth Management LLC grew its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 1.6% during the first quarter. Greenup Street Wealth Management LLC now owns 24,276 shares of the company’s stock worth $3,742,000 after purchasing an additional 384 shares in the last quarter.

About First Trust Large Cap Growth AlphaDEX Fund

(Get Free Report)

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.

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