First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Short Interest Down 15.5% in March

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) saw a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 10,563 shares, a decline of 15.5% from the February 26th total of 12,496 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 17,737 shares, the days-to-cover ratio is currently 0.6 days.

First Trust Large Cap Growth AlphaDEX Fund Trading Up 1.5%

First Trust Large Cap Growth AlphaDEX Fund stock opened at $156.40 on Thursday. The business’s 50 day simple moving average is $160.39 and its 200 day simple moving average is $160.70. First Trust Large Cap Growth AlphaDEX Fund has a 12 month low of $113.13 and a 12 month high of $166.91. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 28.68 and a beta of 1.12.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.0607 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.2%. This is a boost from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FTC. Arax Advisory Partners bought a new stake in First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter valued at about $26,000. GPS Wealth Strategies Group LLC boosted its position in First Trust Large Cap Growth AlphaDEX Fund by 39.8% during the third quarter. GPS Wealth Strategies Group LLC now owns 225 shares of the company’s stock worth $36,000 after purchasing an additional 64 shares during the period. Asset Dedication LLC increased its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 124.2% in the second quarter. Asset Dedication LLC now owns 1,083 shares of the company’s stock worth $164,000 after purchasing an additional 600 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of First Trust Large Cap Growth AlphaDEX Fund in the fourth quarter worth about $176,000. Finally, HRT Financial LP bought a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund in the fourth quarter valued at approximately $202,000.

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). 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 Growth Index.