Short Interest in First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Declines By 21.6%

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX - Get Free Report) was the target of a significant 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 Price Performance

NASDAQ FEX traded down $0.35 during trading hours on Friday, hitting $108.66. 12,113 shares of the company's stock traded hands, compared to its average volume of 23,434. The company has a market capitalization of $1.33 billion, a PE ratio of 17.45 and a beta of 1.06. First Trust Large Cap Core AlphaDEX Fund has a 52-week low of $83.40 and a 52-week high of $110.92. The firm's 50-day moving average is $104.53 and its 200-day moving average is $100.21.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.3502 dividend. The ex-dividend date was Thursday, September 26th. This is a positive change from First Trust Large Cap Core AlphaDEX Fund's previous quarterly dividend of $0.26. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.29%.

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

A number of institutional investors have recently added to or reduced their stakes in FEX. International Assets Investment Management LLC raised its stake in First Trust Large Cap Core AlphaDEX Fund by 10,315.2% during the third quarter. International Assets Investment Management LLC now owns 178,620 shares of the company's stock worth $18,607,000 after purchasing an additional 176,905 shares during the period. Kingsview Wealth Management LLC acquired a new position in First Trust Large Cap Core AlphaDEX Fund in the third quarter valued at about $10,192,000. Coppell Advisory Solutions Corp. purchased a new position in First Trust Large Cap Core AlphaDEX Fund during the first quarter worth about $7,086,000. Benjamin Edwards Inc. purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 3rd quarter worth approximately $5,227,000. Finally, Osaic Holdings Inc. raised its position in First Trust Large Cap Core AlphaDEX Fund by 33.0% in the first quarter. Osaic Holdings Inc. now owns 200,762 shares of the company's stock valued at $19,924,000 after purchasing an additional 49,867 shares during the period.

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.