First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Short Interest Up 61.2% in February

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 14,987 shares, a growth of 61.2% from the January 29th total of 9,298 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 40,102 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 40,102 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are sold short.

First Trust Large Cap Growth AlphaDEX Fund Stock Down 0.8%

Shares of FTC stock traded down $1.32 during mid-day trading on Friday, hitting $163.60. 14,419 shares of the company’s stock were exchanged, compared to its average volume of 24,672. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 28.68 and a beta of 1.12. First Trust Large Cap Growth AlphaDEX Fund has a fifty-two week low of $113.13 and a fifty-two week high of $166.91. The stock has a 50-day simple moving average of $163.42 and a two-hundred day simple moving average of $160.67.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.0326 dividend. The ex-dividend date was Friday, December 12th. This represents a $0.13 annualized dividend and a yield of 0.1%.

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

Hedge funds have recently modified their holdings of the stock. Fifth Third Securities Inc. grew its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 7.4% during the third quarter. Fifth Third Securities Inc. now owns 5,939 shares of the company’s stock valued at $954,000 after acquiring an additional 409 shares in the last quarter. Parkwoods Wealth Partners LLC acquired a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the third quarter worth about $324,000. Asset Dedication LLC boosted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 124.2% in the second quarter. Asset Dedication LLC now owns 1,083 shares of the company’s stock valued at $164,000 after purchasing an additional 600 shares during the last quarter. Gateway Wealth Partners LLC grew its stake in First Trust Large Cap Growth AlphaDEX Fund by 40.9% during the 2nd quarter. Gateway Wealth Partners LLC now owns 5,966 shares of the company’s stock valued at $901,000 after purchasing an additional 1,731 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in First Trust Large Cap Growth AlphaDEX Fund by 9.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 34,721 shares of the company’s stock worth $5,242,000 after purchasing an additional 3,040 shares during the last quarter.

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.