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

Key Points

• Short interest fell 81.7% to 2,684 shares as of September 30, down from 14,689 shares two weeks earlier. Short positions represent 0.0% of shares, with a days-to-cover ratio of just 0.2.
• FTC shares rose 1.7% to $182.52, trading within a 52-week range of $147.94 to $194.18. The fund has a market capitalization of approximately $1.37 billion and a price-to-earnings ratio of 28.68.
• The fund increased its quarterly dividend to $0.0682 per share, equivalent to an annualized dividend of about $0.27 and a 0.1% yield. Several institutional investors also modestly expanded their holdings.

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - ) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 2,684 shares, a drop of 81.7% from the September 15th total of 14,689 shares. Currently, 0.0% of the company's stock are short sold. Based on an average trading volume of 10,797 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Clearwater Capital Advisors LLC grew its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.1% during the first quarter. Clearwater Capital Advisors LLC now owns 5,874 shares of the company's stock worth $905,000 after acquiring an additional 120 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.6% in the 1st quarter. Arkadios Wealth Advisors now owns 5,399 shares of the company's stock valued at $832,000 after acquiring an additional 136 shares during the period. Kestra Advisory Services LLC increased its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 1.8% in the 1st quarter. Kestra Advisory Services LLC now owns 11,470 shares of the company's stock valued at $1,768,000 after acquiring an additional 206 shares during the period. First Bancorp Inc ME purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund in the 2nd quarter valued at $60,000. Finally, Greenup Street Wealth Management LLC raised its position in First Trust Large Cap Growth AlphaDEX Fund by 1.6% in the 1st quarter. Greenup Street Wealth Management LLC now owns 24,276 shares of the company's stock valued at $3,742,000 after purchasing an additional 384 shares during the last quarter.

First Trust Large Cap Growth AlphaDEX Fund Trading Up 1.7%

Shares of NASDAQ:FTC opened at $182.52 on Friday. First Trust Large Cap Growth AlphaDEX Fund has a 52 week low of $147.94 and a 52 week high of $194.18. The company's 50 day moving average is $179.40 and its two-hundred day moving average is $177.09. The company has a market cap of $1.37 billion, a PE ratio of 28.68 and a beta of 1.13.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a $0.0682 dividend. This represents a $0.27 dividend on an annualized basis and a yield of 0.1%. This is a boost from First Trust Large Cap Growth AlphaDEX Fund's previous quarterly dividend of $0.0419. The ex-dividend date of this dividend was Thursday, September 24th.

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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