First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Significant Increase in Short Interest

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 21,799 shares, a growth of 29.4% from the January 29th total of 16,844 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 28,455 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 28,455 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Ankerstar Wealth LLC bought a new stake in First Trust Large Cap Core AlphaDEX Fund during the 4th quarter worth about $27,000. Hantz Financial Services Inc. bought a new stake in First Trust Large Cap Core AlphaDEX Fund during the second quarter worth about $34,000. Washington Trust Advisors Inc. bought a new stake in First Trust Large Cap Core AlphaDEX Fund during the third quarter worth about $40,000. Rossby Financial LCC acquired a new position in First Trust Large Cap Core AlphaDEX Fund during the third quarter valued at approximately $54,000. Finally, Wealth Watch Advisors INC bought a new position in First Trust Large Cap Core AlphaDEX Fund in the third quarter valued at approximately $61,000.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

NASDAQ:FEX traded up $0.61 on Wednesday, reaching $126.30. The company’s stock had a trading volume of 5,583 shares, compared to its average volume of 23,217. First Trust Large Cap Core AlphaDEX Fund has a 1-year low of $88.06 and a 1-year high of $128.37. The business’s 50-day moving average price is $123.93 and its two-hundred day moving average price is $119.08. The firm has a market cap of $1.45 billion, a PE ratio of 17.76 and a beta of 0.99.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.4092 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.32.

First Trust Large Cap Core AlphaDEX Fund Company Profile

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. Standard & Poor’s constructs the Index by ranking the stocks from the S&P 500 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.