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 large growth in short interest during the month of April. As of April 15th, there was short interest totalling 13,800 shares, a growth of 68.3% from the March 31st total of 8,200 shares. Currently, 0.2% of the company's shares are short sold. Based on an average trading volume of 34,700 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Moloney Securities Asset Management LLC raised its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 4.5% during the fourth quarter. Moloney Securities Asset Management LLC now owns 2,444 shares of the company's stock worth $338,000 after acquiring an additional 105 shares during the last quarter. Spirit of America Management Corp NY lifted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 9.6% in the 4th quarter. Spirit of America Management Corp NY now owns 1,339 shares of the company's stock worth $185,000 after purchasing an additional 117 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 3.0% in the 4th quarter. JPMorgan Chase & Co. now owns 5,627 shares of the company's stock valued at $778,000 after purchasing an additional 165 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 5.9% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 3,406 shares of the company's stock worth $471,000 after buying an additional 191 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its stake in First Trust Large Cap Growth AlphaDEX Fund by 4.8% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 4,363 shares of the company's stock worth $603,000 after buying an additional 200 shares during the last quarter.

First Trust Large Cap Growth AlphaDEX Fund Stock Up 2.0 %

NASDAQ FTC traded up $2.67 on Friday, hitting $136.07. The company's stock had a trading volume of 19,428 shares, compared to its average volume of 27,483. The company's 50-day moving average is $130.61 and its 200 day moving average is $138.36. The firm has a market cap of $1.06 billion, a PE ratio of 25.32 and a beta of 1.04. First Trust Large Cap Growth AlphaDEX Fund has a 1-year low of $113.13 and a 1-year high of $149.16.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.0428 per share. This represents a $0.17 annualized dividend and a yield of 0.13%. The ex-dividend date of this dividend was Thursday, March 27th.

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).