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

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

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of FTC. Patriot Financial Group Insurance Agency LLC boosted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 1.6% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 4,803 shares of the company’s stock valued at $631,000 after purchasing an additional 77 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 0.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 28,043 shares of the company’s stock worth $3,436,000 after purchasing an additional 102 shares during the period. Cyndeo Wealth Partners LLC increased its stake in First Trust Large Cap Growth AlphaDEX Fund by 1.8% in the third quarter. Cyndeo Wealth Partners LLC now owns 6,393 shares of the company’s stock worth $840,000 after purchasing an additional 110 shares during the period. Global Retirement Partners LLC increased its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.9% during the third quarter. Global Retirement Partners LLC now owns 4,848 shares of the company’s stock valued at $637,000 after buying an additional 135 shares during the period. Finally, IHT Wealth Management LLC raised its holdings in First Trust Large Cap Growth AlphaDEX Fund by 0.4% in the third quarter. IHT Wealth Management LLC now owns 35,542 shares of the company’s stock worth $4,671,000 after purchasing an additional 139 shares in the last quarter.

First Trust Large Cap Growth AlphaDEX Fund Stock Up 1.6 %

FTC traded up $2.25 on Wednesday, hitting $141.33. The company’s stock had a trading volume of 5,774 shares, compared to its average volume of 22,840. The company’s 50 day simple moving average is $142.81 and its 200-day simple moving average is $132.55. First Trust Large Cap Growth AlphaDEX Fund has a 12 month low of $107.32 and a 12 month high of $149.16. The firm has a market cap of $1.28 billion, a P/E ratio of 21.72 and a beta of 1.04.

First Trust Large Cap Growth AlphaDEX Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.2752 per share. The ex-dividend date was Friday, December 13th.

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).