Short Interest in First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Decreases By 50.9%

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 32,086 shares, a drop of 50.9% from the August 15th total of 65,336 shares. Based on an average daily trading volume, of 23,632 shares, the short-interest ratio is presently 1.4 days. Approximately 0.3% of the company’s stock are sold short.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

Shares of NASDAQ:FEX traded down $0.51 during trading on Tuesday, hitting $134.86. The company’s stock had a trading volume of 20,185 shares, compared to its average volume of 22,144. First Trust Large Cap Core AlphaDEX Fund has a fifty-two week low of $111.75 and a fifty-two week high of $142.60. The business has a 50 day moving average price of $137.82 and a two-hundred day moving average price of $132.78. The company has a market capitalization of $1.56 billion, a PE ratio of 17.76 and a beta of 0.94.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.2669 per share. This represents a $1.07 annualized dividend 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

A number of hedge funds have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC boosted its position in shares of First Trust Large Cap Core AlphaDEX Fund by 10.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 11,514 shares of the company’s stock worth $1,611,000 after acquiring an additional 1,126 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of First Trust Large Cap Core AlphaDEX Fund by 11.6% during the 2nd quarter. Baird Financial Group Inc. now owns 25,934 shares of the company’s stock worth $3,627,000 after acquiring an additional 2,692 shares in the last quarter. Ameritas Advisory Services LLC lifted its stake in First Trust Large Cap Core AlphaDEX Fund by 1,168.7% during 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 during the last quarter. Semitam Bonam LLC purchased a new stake in First Trust Large Cap Core AlphaDEX Fund during the second quarter worth approximately $210,000. Finally, Compass Financial Management LLC purchased a new stake in First Trust Large Cap Core AlphaDEX Fund during the second quarter worth approximately $83,000.

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.