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

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC - Get Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 6,500 shares, a growth of 983.3% from the December 31st total of 600 shares. Based on an average daily trading volume, of 22,900 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

Shares of FTC traded up $1.76 during midday trading on Tuesday, hitting $145.01. The stock had a trading volume of 38,033 shares, compared to its average volume of 37,325. First Trust Large Cap Growth AlphaDEX Fund has a 1 year low of $111.53 and a 1 year high of $149.16. The stock's 50 day moving average is $143.20 and its 200 day moving average is $133.88. The firm has a market cap of $1.16 billion, a PE ratio of 21.72 and a beta of 1.04.

First Trust Large Cap Growth AlphaDEX Fund Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Moloney Securities Asset Management LLC increased its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 4.5% during the fourth quarter. Moloney Securities Asset Management LLC now owns 2,444 shares of the company's stock valued at $338,000 after buying an additional 105 shares during the period. Spirit of America Management Corp NY boosted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 9.6% in the 4th quarter. Spirit of America Management Corp NY now owns 1,339 shares of the company's stock worth $185,000 after purchasing an additional 117 shares in the last quarter. CX Institutional raised its stake in First Trust Large Cap Growth AlphaDEX Fund by 15.2% in the fourth quarter. CX Institutional now owns 58,079 shares of the company's stock valued at $8,029,000 after buying an additional 7,649 shares during the last quarter. New Century Financial Group LLC purchased a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter worth about $270,000. Finally, Janney Montgomery Scott LLC raised its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 1.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 437,116 shares of the company's stock valued at $60,431,000 after purchasing an additional 6,865 shares during the last quarter.

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).

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