First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Short Interest Update

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - Get Free Report) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 15,600 shares, an increase of 188.9% from the March 15th total of 5,400 shares. Currently, 0.1% of the company's shares are sold short. Based on an average daily volume of 34,900 shares, the days-to-cover ratio is currently 0.4 days.

First Trust Large Cap Core AlphaDEX Fund Stock Up 0.7 %

Shares of FEX stock traded up $0.71 on Friday, reaching $96.34. 22,223 shares of the stock were exchanged, compared to its average volume of 24,918. First Trust Large Cap Core AlphaDEX Fund has a 1-year low of $88.06 and a 1-year high of $113.17. The stock has a market cap of $1.17 billion, a P/E ratio of 16.56 and a beta of 1.06. The firm has a 50 day moving average of $101.94 and a two-hundred day moving average of $105.53.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.2989 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.24%.

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

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

About First Trust Large Cap Core AlphaDEX Fund

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.