First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Stock Short Interest Report for October

Key Points

• Short interest in FEX surged 125.8% to 51,429 shares as of October 15, representing approximately 0.4% of shares outstanding and 2.5 days of average trading volume.
• FEX shares fell 0.9% to $137.63, while the ETF’s market capitalization stood at $1.59 billion and its 52-week trading range was $111.75 to $142.60.
• The fund increased its quarterly dividend to $0.4077 per share, equivalent to an annualized $1.63 dividend and a 1.2% yield; several institutional investors also increased their holdings.

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - ) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 51,429 shares, an increase of 125.8% from the September 30th total of 22,773 shares. Approximately 0.4% of the company's shares are sold short. Based on an average daily trading volume, of 20,873 shares, the short-interest ratio is presently 2.5 days.

First Trust Large Cap Core AlphaDEX Fund Stock Down 0.9%

Shares of First Trust Large Cap Core AlphaDEX Fund stock traded down $1.25 during trading hours on Friday, hitting $137.63. The company's stock had a trading volume of 15,586 shares, compared to its average volume of 21,850. First Trust Large Cap Core AlphaDEX Fund has a 1-year low of $111.75 and a 1-year high of $142.60. The business has a fifty day moving average of $136.28 and a 200 day moving average of $131.97. The company has a market capitalization of $1.59 billion, a PE ratio of 17.76 and a beta of 0.94.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.4077 dividend. This represents a $1.63 annualized dividend and a yield of 1.2%. This is a boost from First Trust Large Cap Core AlphaDEX Fund's previous quarterly dividend of $0.2669. The ex-dividend date of this dividend was Thursday, September 24th.

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

Several institutional investors and hedge funds have recently modified their holdings of FEX. Bank of America Corp DE grew its position in First Trust Large Cap Core AlphaDEX Fund by 3.0% in the first quarter. Bank of America Corp DE now owns 234,821 shares of the company's stock valued at $28,631,000 after acquiring an additional 6,936 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of First Trust Large Cap Core AlphaDEX Fund by 3.0% during the first quarter. Cetera Investment Advisers now owns 118,123 shares of the company's stock worth $14,402,000 after purchasing an additional 3,454 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 44.1% in the second quarter. Envestnet Asset Management Inc. now owns 86,559 shares of the company's stock valued at $12,107,000 after purchasing an additional 26,490 shares during the period. Ameritas Advisory Services LLC lifted its holdings in First Trust Large Cap Core AlphaDEX Fund by 1,168.7% in the 2nd quarter. Ameritas Advisory Services LLC now owns 60,274 shares of the company's stock worth $8,431,000 after buying an additional 55,523 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its position in First Trust Large Cap Core AlphaDEX Fund by 11.6% in the 2nd quarter. Baird Financial Group Inc. now owns 25,934 shares of the company's stock valued at $3,627,000 after buying an additional 2,692 shares during the last quarter.

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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