First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Short Interest Down 15.5% in March

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 10,563 shares, a drop of 15.5% from the February 26th total of 12,496 shares. Based on an average trading volume of 17,737 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the company’s shares are short sold.

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

Several institutional investors and hedge funds have recently bought and sold shares of FTC. Win Advisors Inc. purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter valued at approximately $14,526,000. Raymond James Financial Inc. raised its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 37.8% during the 2nd quarter. Raymond James Financial Inc. now owns 268,160 shares of the company’s stock valued at $40,484,000 after buying an additional 73,618 shares during the period. Ameriprise Financial Inc. lifted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 502.2% in the second quarter. Ameriprise Financial Inc. now owns 22,650 shares of the company’s stock valued at $3,419,000 after acquiring an additional 18,889 shares during the last quarter. Prospera Financial Services Inc acquired a new position in First Trust Large Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $2,995,000. Finally, Stifel Financial Corp grew its position in First Trust Large Cap Growth AlphaDEX Fund by 48.3% in the fourth quarter. Stifel Financial Corp now owns 48,912 shares of the company’s stock worth $7,821,000 after acquiring an additional 15,938 shares during the period.

First Trust Large Cap Growth AlphaDEX Fund Stock Down 1.2%

NASDAQ FTC opened at $148.93 on Tuesday. The business’s fifty day simple moving average is $160.73 and its 200-day simple moving average is $160.77. The firm has a market cap of $1.17 billion, a PE ratio of 28.68 and a beta of 1.12. First Trust Large Cap Growth AlphaDEX Fund has a 52 week low of $113.13 and a 52 week high of $166.91.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 26th will be given a dividend of $0.0607 per share. The ex-dividend date is Thursday, March 26th. This is an increase from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.03. This represents a $0.24 annualized dividend and a yield of 0.2%.

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). 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.