First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Short Interest Down 16.6% in February

Key Points

• Short interest fell 16.6% to 12,496 shares as of February 27 (about 0.2% of shares outstanding), with a low days-to-cover ratio of 0.6 days, indicating minimal short activity and quick potential covering.
• FTC traded up 1.4% to $157.26 on low volume, with a market capitalization of $1.23 billion and a trailing P/E of 28.68; its 52-week range is $113.13–$166.91.
• Institutional investors have been active: NewEdge Advisors increased its stake by 185.6% to 11,334 shares, and Osaic Holdings grew its position to 40,021 shares, among other inflows.

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - ) saw a large decline in short interest in February. As of February 27th, there was short interest totaling 12,496 shares, a decline of 16.6% from the February 12th total of 14,987 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,944 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 20,944 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the stock are sold short.

First Trust Large Cap Growth AlphaDEX Fund Trading Up 1.4%

FTC traded up $2.17 on Monday, reaching $157.26. The stock had a trading volume of 9,142 shares, compared to its average volume of 22,962. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 28.68 and a beta of 1.12. The firm has a 50-day moving average of $162.92 and a 200-day moving average of $160.97. First Trust Large Cap Growth AlphaDEX Fund has a fifty-two week low of $113.13 and a fifty-two week high of $166.91.

Institutional Investors Weigh In On First Trust Large Cap Growth AlphaDEX Fund

Hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 185.6% in the fourth quarter. NewEdge Advisors LLC now owns 11,334 shares of the company's stock worth $1,812,000 after purchasing an additional 7,366 shares during the last quarter. Zacks Investment Management bought a new position in First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter valued at about $338,000. Osaic Holdings Inc. grew its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 9.7% during the 4th quarter. Osaic Holdings Inc. now owns 40,021 shares of the company's stock valued at $6,400,000 after acquiring an additional 3,551 shares during the period. Private Advisor Group LLC increased its position in First Trust Large Cap Growth AlphaDEX Fund by 4.2% in the fourth quarter. Private Advisor Group LLC now owns 21,647 shares of the company's stock worth $3,461,000 after buying an additional 868 shares during the last quarter. Finally, &PARTNERS raised its stake in First Trust Large Cap Growth AlphaDEX Fund by 2.1% in the 4th quarter. &PARTNERS now owns 3,747 shares of the company's stock valued at $599,000 after acquiring an additional 78 shares during the period.

First Trust Large Cap Growth AlphaDEX Fund Company Profile

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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