First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Short Interest Up 92.4% in July

Key Points

• Short interest in FTC surged 92.4% from July 15 to July 31, reaching 12,204 shares, though only 0.2% of shares were sold short and the days-to-cover ratio remained low at 0.7.
• FTC shares rose to $187.48, near its 12-month high of $194.18, with the stock trading above both its 50-day and 200-day moving averages.
• The fund paid a quarterly dividend of $0.0419 per share, equivalent to an annualized dividend of approximately $0.17 and a 0.1% yield.

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - ) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 12,204 shares, an increase of 92.4% from the July 15th total of 6,342 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 18,301 shares, the days-to-cover ratio is presently 0.7 days.

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

Several institutional investors and hedge funds have recently modified their holdings of FTC. Founders Financial Alliance LLC increased its stake in First Trust Large Cap Growth AlphaDEX Fund by 3.0% in the fourth quarter. Founders Financial Alliance LLC now owns 2,683 shares of the company's stock valued at $429,000 after acquiring an additional 77 shares during the last quarter. &PARTNERS raised its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.1% during the 4th quarter. &PARTNERS now owns 3,747 shares of the company's stock worth $599,000 after buying an additional 78 shares in the last quarter. Huntleigh Advisors Inc. lifted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.6% during the 4th quarter. Huntleigh Advisors Inc. now owns 4,005 shares of the company's stock worth $640,000 after buying an additional 101 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 0.5% during the 3rd quarter. Private Advisor Group LLC now owns 20,779 shares of the company's stock worth $3,338,000 after buying an additional 105 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 1.1% during the 3rd quarter. Natixis Advisors LLC now owns 11,392 shares of the company's stock worth $1,830,000 after buying an additional 119 shares during the last quarter.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

First Trust Large Cap Growth AlphaDEX Fund stock traded up $0.77 on Friday, reaching $187.48. The company's stock had a trading volume of 7,288 shares, compared to its average volume of 18,778. The business's fifty day moving average price is $183.31 and its 200 day moving average price is $172.39. First Trust Large Cap Growth AlphaDEX Fund has a twelve month low of $147.94 and a twelve month high of $194.18. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 28.68 and a beta of 1.14.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.0419 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.1%.

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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