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

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) was the target of a significant drop in short interest in 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 daily trading volume, of 17,737 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Global Retirement Partners LLC acquired a new stake in First Trust Large Cap Growth AlphaDEX Fund during the second quarter worth $363,000. Northwestern Mutual Wealth Management Co. increased its holdings in First Trust Large Cap Growth AlphaDEX Fund by 9.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 34,721 shares of the company’s stock valued at $5,242,000 after buying an additional 3,040 shares during the period. Gateway Wealth Partners LLC raised its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 40.9% in the 2nd quarter. Gateway Wealth Partners LLC now owns 5,966 shares of the company’s stock valued at $901,000 after buying an additional 1,731 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 55.5% in the 2nd quarter. NewEdge Advisors LLC now owns 4,440 shares of the company’s stock valued at $670,000 after buying an additional 1,584 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings 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 worth $40,484,000 after acquiring an additional 73,618 shares during the period.

First Trust Large Cap Growth AlphaDEX Fund Stock Up 3.5%

Shares of FTC opened at $154.18 on Wednesday. First Trust Large Cap Growth AlphaDEX Fund has a 12-month low of $113.13 and a 12-month high of $166.91. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 28.68 and a beta of 1.12. The stock’s 50-day moving average price is $160.56 and its 200 day moving average price is $160.73.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

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

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.