Short Interest in First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Declines By 33.9%

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) was the target of a large drop in short interest in January. As of January 15th, there was short interest totaling 44,939 shares, a drop of 33.9% from the December 31st total of 67,951 shares. Based on an average daily volume of 32,039 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.4% of the company’s stock are sold short. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 32,039 shares, the days-to-cover ratio is currently 1.4 days.

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

A number of large investors have recently added to or reduced their stakes in the company. BIP Wealth LLC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the 4th quarter worth approximately $15,743,000. Strategic Blueprint LLC grew its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 26.1% during the 3rd quarter. Strategic Blueprint LLC now owns 130,323 shares of the company’s stock worth $15,224,000 after purchasing an additional 26,959 shares in the last quarter. Cetera Investment Advisers increased its holdings in First Trust Large Cap Core AlphaDEX Fund by 24.3% in the 2nd quarter. Cetera Investment Advisers now owns 109,398 shares of the company’s stock valued at $12,029,000 after buying an additional 21,365 shares during the period. Flow Traders U.S. LLC increased its stake in First Trust Large Cap Core AlphaDEX Fund by 57.8% in the second quarter. Flow Traders U.S. LLC now owns 51,239 shares of the company’s stock valued at $5,634,000 after acquiring an additional 18,777 shares during the last quarter. Finally, Silver Oak Securities Incorporated raised its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 11.8% during the 3rd quarter. Silver Oak Securities Incorporated now owns 155,310 shares of the company’s stock worth $18,143,000 after buying an additional 16,331 shares in the last quarter.

First Trust Large Cap Core AlphaDEX Fund Stock Down 0.5%

Shares of FEX stock traded down $0.67 during trading hours on Friday, reaching $123.09. 13,037 shares of the company’s stock were exchanged, compared to its average volume of 22,327. First Trust Large Cap Core AlphaDEX Fund has a fifty-two week low of $88.06 and a fifty-two week high of $124.36. The stock has a market capitalization of $1.41 billion, a P/E ratio of 17.76 and a beta of 0.99. The business has a fifty day moving average price of $120.39 and a 200-day moving average price of $116.79.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.4092 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.3%. This is an increase from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, December 12th.

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.