First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Short Interest Update

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 65,336 shares, a growth of 126.6% from the July 30th total of 28,830 shares. Based on an average trading volume of 22,484 shares, the short-interest ratio is currently 2.9 days. Currently, 0.6% of the company’s shares are sold short.

First Trust Large Cap Core AlphaDEX Fund Price Performance

Shares of FEX stock traded down $1.07 during mid-day trading on Friday, hitting $138.48. The stock had a trading volume of 9,112 shares, compared to its average volume of 22,642. The firm’s 50-day moving average is $138.14 and its two-hundred day moving average is $131.93. The firm has a market capitalization of $1.59 billion, a P/E ratio of 17.76 and a beta of 0.94. First Trust Large Cap Core AlphaDEX Fund has a 12-month low of $111.75 and a 12-month high of $142.60.

First Trust Large Cap Core AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.2669 dividend. This represents a $1.07 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Trading of First Trust Large Cap Core AlphaDEX Fund

Hedge funds have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of First Trust Large Cap Core AlphaDEX Fund by 6,734.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 4,211,423 shares of the company’s stock worth $499,559,000 after purchasing an additional 4,149,805 shares in the last quarter. Crusonia Wealth Advisors LLC purchased a new stake in First Trust Large Cap Core AlphaDEX Fund in the fourth quarter valued at $15,668,000. Ameritas Advisory Services LLC grew its holdings in First Trust Large Cap Core AlphaDEX Fund by 1,168.7% during the second quarter. Ameritas Advisory Services LLC now owns 60,274 shares of the company’s stock worth $8,431,000 after acquiring an additional 55,523 shares during the period. Royal Bank of Canada grew its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 31.5% during the 4th quarter. Royal Bank of Canada now owns 225,417 shares of the company’s stock worth $26,738,000 after purchasing an additional 53,976 shares during the period. Finally, Virtu Financial LLC increased its holdings in First Trust Large Cap Core AlphaDEX Fund by 365.4% in the fourth quarter. Virtu Financial LLC now owns 35,266 shares of the company’s stock valued at $4,183,000 after buying an additional 27,688 shares in the last quarter.

About First Trust Large Cap Core AlphaDEX Fund

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.