First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Short Interest Update

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 65,336 shares, an increase of 126.6% from the July 30th total of 28,830 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 22,484 shares, the days-to-cover ratio is currently 2.9 days.

First Trust Large Cap Core AlphaDEX Fund Price Performance

NASDAQ FEX traded down $1.07 on Friday, reaching $138.48. The company had a trading volume of 9,112 shares, compared to its average volume of 22,642. The firm has a market capitalization of $1.59 billion, a PE ratio of 17.76 and a beta of 0.94. The firm has a 50-day moving average of $138.12 and a 200-day moving average of $131.88. First Trust Large Cap Core AlphaDEX Fund has a 1 year low of $111.75 and a 1 year high of $142.60.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.2669 dividend. This represents a $1.07 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, June 25th.

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

Several hedge funds and other institutional investors have recently modified their holdings of FEX. Northwestern Mutual Wealth Management Co. raised its position in shares of First Trust Large Cap Core AlphaDEX Fund by 6,734.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,211,423 shares of the company’s stock valued at $499,559,000 after acquiring an additional 4,149,805 shares in the last quarter. Crusonia Wealth Advisors LLC acquired a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the fourth quarter worth approximately $15,668,000. Ameritas Advisory Services LLC grew its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 1,168.7% in the second quarter. Ameritas Advisory Services LLC now owns 60,274 shares of the company’s stock worth $8,431,000 after purchasing an additional 55,523 shares in the last quarter. Royal Bank of Canada increased its stake in First Trust Large Cap Core AlphaDEX Fund by 31.5% during the 4th quarter. Royal Bank of Canada now owns 225,417 shares of the company’s stock valued at $26,738,000 after buying an additional 53,976 shares during the period. Finally, Virtu Financial LLC increased its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 365.4% during the fourth quarter. Virtu Financial LLC now owns 35,266 shares of the company’s stock valued at $4,183,000 after acquiring an additional 27,688 shares during the period.

About First Trust Large Cap Core AlphaDEX Fund

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.