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

Key Points

• Short interest fell 50.9% in August to 32,086 shares, representing 0.3% of outstanding stock and 1.4 days of average trading volume.
• Several institutional investors initiated positions in FEX, including Magnolia Capital Advisors, Kovack Advisors, Claro Advisors, Semitam Bonam and Compass Financial Management.
• FEX opened at $136.31, with a $1.57 billion market capitalization and a 12-month trading range of $111.75 to $142.60. Its quarterly dividend was $0.2669 per share, implying an annualized yield of approximately 0.8%.

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - ) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 32,086 shares, a drop of 50.9% from the August 15th total of 65,336 shares. Based on an average daily volume of 23,632 shares, the short-interest ratio is presently 1.4 days. Currently, 0.3% of the company's stock are short sold.

Institutional Trading of First Trust Large Cap Core AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Magnolia Capital Advisors LLC acquired a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the 4th quarter valued at approximately $224,000. Kovack Advisors Inc. acquired a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 4th quarter worth about $206,000. Claro Advisors Inc. acquired a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 4th quarter worth about $203,000. Semitam Bonam LLC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the 2nd quarter valued at about $210,000. Finally, Compass Financial Management LLC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the 2nd quarter valued at about $83,000.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

Shares of FEX opened at $136.31 on Monday. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 17.76 and a beta of 0.94. First Trust Large Cap Core AlphaDEX Fund has a 12 month low of $111.75 and a 12 month high of $142.60. The firm has a fifty day simple moving average of $137.90 and a 200 day simple moving average of $132.67.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The firm 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 $0.2669 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 25th.

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. Standard & Poor's constructs the Index by ranking the stocks from the S&P 500 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.

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