First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Short Interest Update

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 14,689 shares, an increase of 147.7% from the August 31st total of 5,929 shares. Based on an average daily trading volume, of 10,853 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

Several large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 7.4% in the second quarter. Envestnet Asset Management Inc. now owns 36,193 shares of the company’s stock worth $7,013,000 after purchasing an additional 2,506 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 152.8% in the second quarter. Integrated Wealth Concepts LLC now owns 21,020 shares of the company’s stock valued at $4,073,000 after purchasing an additional 12,706 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 0.8% during the second quarter. Baird Financial Group Inc. now owns 152,775 shares of the company’s stock valued at $29,603,000 after buying an additional 1,207 shares during the last quarter. Allworth Financial LP grew its holdings in First Trust Large Cap Growth AlphaDEX Fund by 7.8% during the second quarter. Allworth Financial LP now owns 10,157 shares of the company’s stock worth $1,968,000 after buying an additional 734 shares in the last quarter. Finally, First Bancorp Inc ME bought a new stake in First Trust Large Cap Growth AlphaDEX Fund during the second quarter worth $60,000.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

Shares of FTC stock traded down $1.95 during trading hours on Monday, hitting $177.19. 6,582 shares of the company were exchanged, compared to its average volume of 17,920. The company has a 50 day simple moving average of $178.66 and a two-hundred day simple moving average of $175.61. The firm has a market cap of $1.32 billion, a P/E ratio of 28.68 and a beta of 1.14. 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.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be paid a $0.0682 dividend. This represents a $0.27 annualized dividend and a yield of 0.2%. This is an increase from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.0419. The ex-dividend date of this dividend is Thursday, September 24th.

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.