First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Stock Short Interest Falls 81.7%

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 2,684 shares, a decrease of 81.7% from the September 15th total of 14,689 shares. Based on an average daily trading volume, of 10,797 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

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

Several large investors have recently modified their holdings of the stock. First Bancorp Inc ME purchased a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the 2nd quarter worth approximately $60,000. Private Client Services LLC purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the second quarter valued at approximately $213,000. WealthTrust Asset Management LLC boosted its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 37.8% in the first quarter. WealthTrust Asset Management LLC now owns 1,898 shares of the company’s stock valued at $293,000 after buying an additional 521 shares in the last quarter. QRG Capital Management Inc. acquired a new position in First Trust Large Cap Growth AlphaDEX Fund during the first quarter worth $306,000. Finally, Independent Wealth Network Inc. purchased a new position in First Trust Large Cap Growth AlphaDEX Fund in the first quarter worth $370,000.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

Shares of FTC opened at $182.52 on Friday. First Trust Large Cap Growth AlphaDEX Fund has a fifty-two week low of $147.94 and a fifty-two week high of $194.18. The firm has a 50-day simple moving average of $179.40 and a 200-day simple moving average of $177.09. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 28.68 and a beta of 1.13.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.0682 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This is an increase from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.0419. This represents a $0.27 dividend on an annualized basis and a dividend yield of 0.1%.

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.