Short Interest in First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Drops By 56.9%

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 5,929 shares, a drop of 56.9% from the August 15th total of 13,758 shares. Based on an average daily volume of 18,258 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

First Trust Large Cap Growth AlphaDEX Fund Stock Down 0.5%

NASDAQ FTC traded down $0.84 on Tuesday, reaching $171.77. The stock had a trading volume of 16,808 shares, compared to its average volume of 18,289. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 28.68 and a beta of 1.14. First Trust Large Cap Growth AlphaDEX Fund has a 12-month low of $147.94 and a 12-month high of $194.18. The stock has a fifty day moving average price of $179.33 and a two-hundred day moving average price of $174.76.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.0419 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.1%.

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

Several hedge funds have recently bought and sold shares of the company. LVZ Inc. increased its holdings in First Trust Large Cap Growth AlphaDEX Fund by 17.2% during the 1st quarter. LVZ Inc. now owns 27,328 shares of the company’s stock worth $4,212,000 after purchasing an additional 4,015 shares during the period. QRG Capital Management Inc. purchased a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the 1st quarter valued at about $306,000. Independent Wealth Network Inc. purchased a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the 1st quarter valued at about $370,000. Greenup Street Wealth Management LLC grew its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 1.6% during the first quarter. Greenup Street Wealth Management LLC now owns 24,276 shares of the company’s stock worth $3,742,000 after buying an additional 384 shares in the last quarter. Finally, RFG Advisory LLC grew its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 547.2% during the first quarter. RFG Advisory LLC now owns 8,485 shares of the company’s stock worth $1,308,000 after buying an additional 7,174 shares in the last quarter.

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.