Short Interest in First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Declines By 94.8%

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw a significant drop in short interest during the month of July. As of July 31st, there was short interest totalling 500 shares, a drop of 94.8% from the July 15th total of 9,600 shares. Based on an average daily volume of 19,500 shares, the short-interest ratio is presently 0.0 days.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

Shares of NASDAQ FTC traded up $0.52 during trading hours on Wednesday, hitting $122.13. 7,060 shares of the stock were exchanged, compared to its average volume of 27,977. The firm has a market capitalization of $1.09 billion, a P/E ratio of 21.72 and a beta of 1.04. First Trust Large Cap Growth AlphaDEX Fund has a one year low of $91.36 and a one year high of $126.97. The company’s 50 day moving average is $122.15 and its 200 day moving average is $120.36.

First Trust Large Cap Growth AlphaDEX Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a dividend of $0.0518 per share. This represents a $0.21 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend was Thursday, June 27th.

Institutional Trading of First Trust Large Cap Growth AlphaDEX Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. LRI Investments LLC acquired a new stake in First Trust Large Cap Growth AlphaDEX Fund in the 1st quarter worth $31,000. GAMMA Investing LLC bought a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the first quarter valued at about $37,000. Pinnacle Bancorp Inc. grew its position in First Trust Large Cap Growth AlphaDEX Fund by 25.0% during the first quarter. Pinnacle Bancorp Inc. now owns 500 shares of the company’s stock worth $62,000 after buying an additional 100 shares in the last quarter. Tidemark LLC bought a new position in First Trust Large Cap Growth AlphaDEX Fund during the fourth quarter valued at about $80,000. Finally, Hilltop National Bank acquired a new position in First Trust Large Cap Growth AlphaDEX Fund in the 2nd quarter valued at approximately $84,000.

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).