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

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) was the recipient of a significant drop in short interest during the month of 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. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 32,039 shares, the short-interest ratio is currently 1.4 days. Based on an average trading volume of 32,039 shares, the short-interest ratio is currently 1.4 days. Approximately 0.4% of the company’s shares are sold short.

First Trust Large Cap Core AlphaDEX Fund Price Performance

Shares of First Trust Large Cap Core AlphaDEX Fund stock traded down $0.67 during trading on Friday, hitting $123.09. The company’s stock had a trading volume of 13,037 shares, compared to its average volume of 22,327. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 17.76 and a beta of 0.99. First Trust Large Cap Core AlphaDEX Fund has a 52 week low of $88.06 and a 52 week high of $124.36. The stock has a 50-day moving average price of $120.39 and a two-hundred day moving average price of $116.88.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

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

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

A number of hedge funds and other institutional investors have recently made changes to their positions in FEX. Bank of America Corp DE increased its position in First Trust Large Cap Core AlphaDEX Fund by 0.8% during the 3rd quarter. Bank of America Corp DE now owns 228,883 shares of the company’s stock valued at $26,738,000 after purchasing an additional 1,913 shares during the period. Osaic Holdings Inc. increased its position in shares of First Trust Large Cap Core AlphaDEX Fund by 3.6% during the second quarter. Osaic Holdings Inc. now owns 227,585 shares of the company’s stock worth $25,029,000 after buying an additional 7,902 shares during the period. UBS Group AG raised its stake in First Trust Large Cap Core AlphaDEX Fund by 3.2% during the third quarter. UBS Group AG now owns 203,482 shares of the company’s stock worth $23,771,000 after buying an additional 6,315 shares during the last quarter. HBK Sorce Advisory LLC raised its stake in First Trust Large Cap Core AlphaDEX Fund by 0.8% during the second quarter. HBK Sorce Advisory LLC now owns 185,300 shares of the company’s stock worth $20,376,000 after buying an additional 1,406 shares during the last quarter. Finally, Truist Financial Corp lifted its holdings in First Trust Large Cap Core AlphaDEX Fund by 3.1% in the third quarter. Truist Financial Corp now owns 170,531 shares of the company’s stock valued at $19,922,000 after buying an additional 5,199 shares during the period.

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.