Short Interest in First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Rises By 261.8%

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - Get Free Report) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 59,700 shares, an increase of 261.8% from the May 15th total of 16,500 shares. Currently, 0.5% of the company's stock are short sold. Based on an average daily volume of 41,600 shares, the days-to-cover ratio is presently 1.4 days.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hurley Capital LLC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 4th quarter valued at $34,000. Millstone Evans Group LLC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 1st quarter valued at $42,000. Ignite Planners LLC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 1st quarter valued at $241,000. Three Seasons Wealth LLC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 4th quarter valued at $300,000. Finally, NBC Securities Inc. lifted its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 143,700.0% during the 1st quarter. NBC Securities Inc. now owns 2,876 shares of the company's stock valued at $294,000 after buying an additional 2,874 shares during the period.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

Shares of FEX traded down $0.96 during mid-day trading on Friday, reaching $106.36. The company had a trading volume of 10,450 shares, compared to its average volume of 26,928. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 18.66 and a beta of 1.06. First Trust Large Cap Core AlphaDEX Fund has a 52 week low of $88.06 and a 52 week high of $113.17. The firm has a 50-day moving average price of $102.02 and a 200 day moving average price of $104.53.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a $0.2989 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.20 annualized dividend and a yield of 1.12%.

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.