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

Key Points

• First Trust Large Cap Core AlphaDEX Fund's short interest surged to 60,400 shares as of September 15th, marking an 87.6% increase since August.
• The fund recently declared a quarterly dividend of $0.3238, up from the previous dividend of $0.27, reflecting a 1.1% annual yield.
• Overall, FEX shares traded up 0.3% to reach $117.72, with a market capitalization of $1.38 billion.

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - ) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 60,400 shares, a growth of 87.6% from the August 31st total of 32,200 shares. Based on an average trading volume of 19,200 shares, the short-interest ratio is presently 3.1 days. Based on an average trading volume of 19,200 shares, the short-interest ratio is presently 3.1 days.

First Trust Large Cap Core AlphaDEX Fund Stock Up 0.3%

Shares of NASDAQ FEX traded up $0.35 during mid-day trading on Friday, reaching $117.72. 12,072 shares of the company were exchanged, compared to its average volume of 28,016. The stock has a market capitalization of $1.38 billion, a PE ratio of 17.76 and a beta of 1.06. The company's 50 day moving average price is $114.58 and its 200 day moving average price is $107.91. First Trust Large Cap Core AlphaDEX Fund has a 52 week low of $88.06 and a 52 week high of $118.31.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a $0.3238 dividend. This is a boost from First Trust Large Cap Core AlphaDEX Fund's previous quarterly dividend of $0.27. This represents a $1.30 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 25th.

Institutional Trading of First Trust Large Cap Core AlphaDEX Fund

Several hedge funds have recently added to or reduced their stakes in FEX. Hantz Financial Services Inc. purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the second quarter valued at about $34,000. Millstone Evans Group LLC purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the first quarter valued at about $42,000. IFG Advisory LLC purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the second quarter valued at about $207,000. Bessemer Group Inc. purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the second quarter valued at about $218,000. Finally, Milestones Private Investment Advisors LLC purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the second quarter valued at about $224,000.

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.

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