First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Short Interest Update

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) was the target of a large drop in short interest in October. As of October 31st, there was short interest totalling 28,300 shares, a drop of 21.6% from the October 15th total of 36,100 shares. Based on an average trading volume of 21,200 shares, the days-to-cover ratio is presently 1.3 days.

First Trust Large Cap Core AlphaDEX Fund Stock Down 0.7 %

NASDAQ:FEX opened at $109.01 on Friday. The stock has a fifty day simple moving average of $104.53 and a 200 day simple moving average of $100.21. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 17.45 and a beta of 1.06. First Trust Large Cap Core AlphaDEX Fund has a 1-year low of $83.40 and a 1-year high of $110.92.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.3502 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.28%. This is a boost from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FEX. Belpointe Asset Management LLC lifted its stake in First Trust Large Cap Core AlphaDEX Fund by 11.8% in the 2nd quarter. Belpointe Asset Management LLC now owns 17,774 shares of the company’s stock worth $1,724,000 after acquiring an additional 1,875 shares in the last quarter. IFG Advisory LLC purchased a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the second quarter worth approximately $214,000. International Assets Investment Management LLC acquired a new stake in shares of First Trust Large Cap Core AlphaDEX Fund during the second quarter worth approximately $166,000. Cambridge Investment Research Advisors Inc. grew its position in First Trust Large Cap Core AlphaDEX Fund by 0.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 98,598 shares of the company’s stock valued at $9,563,000 after purchasing an additional 314 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC acquired a new position in First Trust Large Cap Core AlphaDEX Fund in the 2nd quarter valued at approximately $372,000.

About First Trust Large Cap Core AlphaDEX Fund

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.