First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Significant Growth in Short Interest

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 27,900 shares, a growth of 138.5% from the April 30th total of 11,700 shares. Based on an average daily trading volume, of 35,000 shares, the short-interest ratio is presently 0.8 days. Currently, 0.4% of the shares of the company are short sold.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTC. Founders Financial Alliance LLC lifted its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 18.4% during the 4th quarter. Founders Financial Alliance LLC now owns 2,171 shares of the company's stock worth $300,000 after buying an additional 337 shares during the last quarter. Pillar Financial Advisors LLC bought a new stake in First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter valued at $60,000. Vestmark Advisory Solutions Inc. lifted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 1.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 23,103 shares of the company's stock worth $3,194,000 after buying an additional 307 shares in the last quarter. Private Trust Co. NA grew its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 53.7% in the fourth quarter. Private Trust Co. NA now owns 2,753 shares of the company's stock valued at $381,000 after acquiring an additional 962 shares in the last quarter. Finally, Pine Valley Investments Ltd Liability Co grew its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 5.9% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 3,406 shares of the company's stock worth $471,000 after purchasing an additional 191 shares in the last quarter.

First Trust Large Cap Growth AlphaDEX Fund Trading Up 0.5%

Shares of FTC traded up $0.71 during mid-day trading on Tuesday, reaching $145.62. The company's stock had a trading volume of 9,637 shares, compared to its average volume of 27,626. First Trust Large Cap Growth AlphaDEX Fund has a 1-year low of $113.13 and a 1-year high of $149.16. The business has a 50-day simple moving average of $133.29 and a two-hundred day simple moving average of $138.88. The stock has a market cap of $1.14 billion, a P/E ratio of 27.19 and a beta of 1.04.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.0428 per share. This represents a $0.17 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend was Thursday, March 27th.

About First Trust Large Cap Growth AlphaDEX Fund

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).