Short Interest in First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Grows By 3,042.9%

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) was the recipient of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 22,000 shares, a growth of 3,042.9% from the October 15th total of 700 shares. Based on an average daily volume of 30,100 shares, the days-to-cover ratio is presently 0.7 days.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

Shares of FTC stock traded down $1.52 during trading hours on Tuesday, hitting $142.95. The stock had a trading volume of 20,794 shares, compared to its average volume of 28,738. First Trust Large Cap Growth AlphaDEX Fund has a one year low of $99.15 and a one year high of $144.77. The stock’s 50-day moving average price is $131.71 and its two-hundred day moving average price is $125.47. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 21.72 and a beta of 1.04.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.0999 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.40 annualized dividend and a yield of 0.28%. This is a positive change from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.05.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTC. Park Avenue Securities LLC boosted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 4.8% during the second quarter. Park Avenue Securities LLC now owns 9,661 shares of the company’s stock valued at $1,184,000 after buying an additional 443 shares during the period. U.S. Capital Wealth Advisors LLC boosted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 11.2% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 86,814 shares of the company’s stock valued at $10,637,000 after purchasing an additional 8,776 shares during the period. Atria Investments Inc boosted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 7.5% in the first quarter. Atria Investments Inc now owns 11,627 shares of the company’s stock valued at $1,433,000 after purchasing an additional 811 shares during the period. Hilltop National Bank purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the second quarter valued at approximately $84,000. Finally, Cetera Investment Advisers boosted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 125.9% in the first quarter. Cetera Investment Advisers now owns 130,107 shares of the company’s stock valued at $16,040,000 after purchasing an additional 72,523 shares during the period.

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).