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

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - Get Free Report) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 8,600 shares, a drop of 44.9% from the March 31st total of 15,600 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 36,600 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Large Cap Core AlphaDEX Fund Stock Up 1.2 %

Shares of NASDAQ FEX traded up $1.19 during mid-day trading on Friday, reaching $101.52. 3,717 shares of the company were exchanged, compared to its average volume of 24,522. First Trust Large Cap Core AlphaDEX Fund has a 52 week low of $88.06 and a 52 week high of $113.17. The company's 50 day moving average price is $100.16 and its 200 day moving average price is $105.17. The stock has a market capitalization of $1.23 billion, a PE ratio of 16.88 and a beta of 1.06.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a dividend of $0.2989 per share. This represents a $1.20 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, March 27th.

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

A number of hedge funds and other institutional investors have recently modified their holdings of FEX. Hurley Capital LLC bought a new stake in First Trust Large Cap Core AlphaDEX Fund in the 4th quarter worth approximately $34,000. Three Seasons Wealth LLC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the 4th quarter worth approximately $300,000. NBC Securities Inc. boosted its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 143,700.0% in the 1st quarter. NBC Securities Inc. now owns 2,876 shares of the company's stock valued at $294,000 after purchasing an additional 2,874 shares in the last quarter. Elevation Capital Advisory LLC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 4th quarter valued at $309,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in First Trust Large Cap Core AlphaDEX Fund in the 4th quarter worth $336,000.

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.