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

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - Get Free Report) was the target of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 9,700 shares, a decline of 25.4% from the January 15th total of 13,000 shares. Based on an average daily volume of 26,500 shares, the short-interest ratio is presently 0.4 days.

First Trust Large Cap Growth AlphaDEX Fund Stock Performance

Shares of FTC stock traded up $0.22 during trading hours on Monday, reaching $148.62. The company had a trading volume of 9,771 shares, compared to its average volume of 29,182. First Trust Large Cap Growth AlphaDEX Fund has a 12-month low of $113.13 and a 12-month high of $149.16. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 21.72 and a beta of 1.04. The stock has a fifty day moving average of $143.24 and a 200-day moving average of $136.38.

First Trust Large Cap Growth AlphaDEX Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.2752 dividend. The ex-dividend date was Friday, December 13th.

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Focus Partners Wealth raised its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 26.2% during the 4th quarter. Focus Partners Wealth now owns 3,340 shares of the company's stock valued at $462,000 after buying an additional 693 shares during the period. Baird Financial Group Inc. increased its stake in First Trust Large Cap Growth AlphaDEX Fund by 26.8% during the fourth quarter. Baird Financial Group Inc. now owns 149,647 shares of the company's stock worth $20,689,000 after acquiring an additional 31,662 shares during the last quarter. Jane Street Group LLC raised its position 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 purchasing an additional 34,829 shares during the period. Three Seasons Wealth LLC acquired a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter valued at $1,093,000. Finally, Harvest Investment Services LLC purchased a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter worth $672,000.

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).