First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Short Interest Down 24.7% in March

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 7,300 shares, a decline of 24.7% from the February 28th total of 9,700 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 30,000 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On First Trust Large Cap Growth AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in First Trust Large Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $27,798,000. Benjamin Edwards Inc. grew its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 4,103.6% during the third quarter. Benjamin Edwards Inc. now owns 46,618 shares of the company’s stock worth $6,130,000 after purchasing an additional 45,509 shares in the last quarter. Jane Street Group LLC increased its holdings in First Trust Large Cap Growth AlphaDEX Fund by 224.5% in the fourth quarter. Jane Street Group LLC now owns 50,342 shares of the company’s stock valued at $6,960,000 after buying an additional 34,829 shares during the last quarter. Baird Financial Group Inc. raised its stake in First Trust Large Cap Growth AlphaDEX Fund by 26.8% in the fourth quarter. Baird Financial Group Inc. now owns 149,647 shares of the company’s stock valued at $20,689,000 after buying an additional 31,662 shares in the last quarter. Finally, Independent Advisor Alliance purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter worth about $2,946,000.

First Trust Large Cap Growth AlphaDEX Fund Trading Down 2.1 %

Shares of NASDAQ FTC opened at $131.41 on Friday. The stock has a market cap of $1.04 billion, a P/E ratio of 25.94 and a beta of 1.04. The business’s fifty day simple moving average is $140.62 and its 200-day simple moving average is $139.01. First Trust Large Cap Growth AlphaDEX Fund has a 12-month low of $113.13 and a 12-month high of $149.16.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a $0.0428 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date of this dividend is Thursday, March 27th.

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).