Short Interest in First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Increases By 568.5%

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 36,100 shares, a growth of 568.5% from the September 30th total of 5,400 shares. Based on an average daily volume of 23,700 shares, the short-interest ratio is currently 1.5 days.

First Trust Large Cap Core AlphaDEX Fund Stock Down 0.6 %

Shares of NASDAQ FEX traded down $0.58 during mid-day trading on Friday, reaching $104.52. 11,555 shares of the company were exchanged, compared to its average volume of 23,942. The firm has a 50-day moving average of $102.89 and a 200 day moving average of $99.07. First Trust Large Cap Core AlphaDEX Fund has a 1 year low of $76.65 and a 1 year high of $106.68. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 17.45 and a beta of 1.06.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.3502 per share. This is a positive change from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.26. This represents a $1.40 annualized dividend and a yield of 1.34%. The ex-dividend date was Thursday, September 26th.

Institutional Investors Weigh In On First Trust Large Cap Core AlphaDEX Fund

Large investors have recently modified their holdings of the business. Financial Advocates Investment Management lifted its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 5.0% during the third quarter. Financial Advocates Investment Management now owns 16,260 shares of the company’s stock worth $1,694,000 after purchasing an additional 772 shares during the period. Strategic Blueprint LLC increased its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 15.9% during the 3rd quarter. Strategic Blueprint LLC now owns 91,177 shares of the company’s stock valued at $9,498,000 after purchasing an additional 12,516 shares in the last quarter. Ellis Investment Partners LLC acquired a new stake in First Trust Large Cap Core AlphaDEX Fund during the third quarter valued at $213,000. Arkadios Wealth Advisors purchased a new position in First Trust Large Cap Core AlphaDEX Fund in the third quarter valued at $681,000. Finally, Silver Oak Securities Incorporated boosted its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 0.9% during the 3rd quarter. Silver Oak Securities Incorporated now owns 145,862 shares of the company’s stock worth $15,158,000 after acquiring an additional 1,248 shares in the last quarter.

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.