First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Significant Increase in Short Interest

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

First Trust Large Cap Core AlphaDEX Fund Stock Down 0.9%

Shares of First Trust Large Cap Core AlphaDEX Fund stock traded down $0.94 on Friday, hitting $106.38. 7,477 shares of the company were exchanged, compared to its average volume of 26,864. First Trust Large Cap Core AlphaDEX Fund has a 1-year low of $88.06 and a 1-year high of $113.17. The company has a 50-day moving average price of $101.70 and a 200 day moving average price of $104.68. The stock 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 Cuts Dividend

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

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

Institutional investors have recently modified their holdings of the company. Hurley Capital LLC purchased a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the fourth quarter valued at about $34,000. Millstone Evans Group LLC purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the first quarter valued at $42,000. Ignite Planners LLC purchased a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the 1st quarter worth about $241,000. Three Seasons Wealth LLC acquired a new stake in First Trust Large Cap Core AlphaDEX Fund in the 4th quarter valued at about $300,000. Finally, NBC Securities Inc. increased its holdings in 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 acquiring an additional 2,874 shares in 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.