Short Interest in First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Rises By 65.6%

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) was the target of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 10,100 shares, a growth of 65.6% from the August 15th total of 6,100 shares. Based on an average daily trading volume, of 41,700 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FTC. GPS Wealth Strategies Group LLC purchased a new position in First Trust Large Cap Growth AlphaDEX Fund during the first quarter worth approximately $32,000. Tucker Asset Management LLC purchased a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the first quarter valued at approximately $35,000. Belpointe Asset Management LLC purchased a new position in First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter worth approximately $54,000. PFG Private Wealth Management LLC purchased a new position in First Trust Large Cap Growth AlphaDEX Fund during the second quarter worth approximately $54,000. Finally, Ameritas Advisory Services LLC purchased a new position in First Trust Large Cap Growth AlphaDEX Fund during the first quarter worth approximately $61,000.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

Shares of NASDAQ:FTC opened at $99.88 on Friday. The business’s 50-day moving average is $101.35 and its 200 day moving average is $97.55. First Trust Large Cap Growth AlphaDEX Fund has a 1 year low of $84.56 and a 1 year high of $104.78. The firm has a market capitalization of $993.81 million, a P/E ratio of 19.00 and a beta of 1.04.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Wednesday, June 28th were issued a $0.1326 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Tuesday, June 27th.

About First Trust Large Cap Growth AlphaDEX Fund

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).