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

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 9,600 shares, a growth of 3,100.0% from the June 30th total of 300 shares. Based on an average daily volume of 19,100 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On First Trust Large Cap Growth AlphaDEX Fund

Hedge funds have recently bought and sold shares of the stock. LRI Investments LLC bought a new position in First Trust Large Cap Growth AlphaDEX Fund in the first quarter valued at approximately $31,000. GAMMA Investing LLC bought a new position in First Trust Large Cap Growth AlphaDEX Fund in the first quarter valued at approximately $37,000. Moisand Fitzgerald Tamayo LLC bought a new position in First Trust Large Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $38,000. Pinnacle Bancorp Inc. bought a new position in First Trust Large Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $44,000. Finally, Tower Research Capital LLC TRC increased its stake in First Trust Large Cap Growth AlphaDEX Fund by 1,859.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 725 shares of the company’s stock valued at $79,000 after acquiring an additional 688 shares during the last quarter.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

NASDAQ:FTC traded up $1.09 during mid-day trading on Thursday, hitting $122.08. The stock had a trading volume of 6,255 shares, compared to its average volume of 28,732. First Trust Large Cap Growth AlphaDEX Fund has a twelve month low of $91.36 and a twelve month high of $126.97. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 21.72 and a beta of 1.04. The company’s 50 day simple moving average is $122.54 and its 200 day simple moving average is $119.30.

First Trust Large Cap Growth AlphaDEX Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a dividend of $0.0518 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.21 annualized dividend and a yield of 0.17%.

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).