First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Short Interest Update

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - Get Free Report) was the target of a significant decline in short interest in May. As of May 31st, there was short interest totalling 10,700 shares, a decline of 61.6% from the May 15th total of 27,900 shares. Approximately 0.1% of the company's stock are sold short. Based on an average daily trading volume, of 33,400 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

Shares of First Trust Large Cap Growth AlphaDEX Fund stock traded down $1.22 on Friday, reaching $143.64. 12,864 shares of the company were exchanged, compared to its average volume of 27,520. First Trust Large Cap Growth AlphaDEX Fund has a 1-year low of $113.13 and a 1-year high of $149.16. The company has a market cap of $1.12 billion, a P/E ratio of 27.19 and a beta of 1.04. The stock's 50 day moving average price is $136.52 and its 200-day moving average price is $138.97.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.0428 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.12%. The ex-dividend date was Thursday, March 27th.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC lifted its stake in First Trust Large Cap Growth AlphaDEX Fund by 1.6% in the first quarter. Integrated Wealth Concepts LLC now owns 10,517 shares of the company's stock valued at $1,382,000 after buying an additional 169 shares during the last quarter. Baird Financial Group Inc. raised its position in First Trust Large Cap Growth AlphaDEX Fund by 6.1% in the first quarter. Baird Financial Group Inc. now owns 158,701 shares of the company's stock worth $20,853,000 after acquiring an additional 9,054 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in First Trust Large Cap Growth AlphaDEX Fund by 4.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 31,681 shares of the company's stock valued at $4,163,000 after purchasing an additional 1,407 shares during the last quarter. HighTower Advisors LLC grew its holdings in First Trust Large Cap Growth AlphaDEX Fund by 1.7% in the first quarter. HighTower Advisors LLC now owns 8,886 shares of the company's stock valued at $1,168,000 after purchasing an additional 150 shares during the last quarter. Finally, Elevation Capital Advisory LLC acquired a new stake in First Trust Large Cap Growth AlphaDEX Fund in the first quarter valued at $7,501,000.

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).