First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Sees Significant Growth in Short Interest

by · The Cerbat Gem

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC – Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 95,900 shares, a growth of 19,080.0% from the August 31st total of 500 shares. Based on an average trading volume of 18,700 shares, the short-interest ratio is presently 5.1 days.

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

Large investors have recently added to or reduced their stakes in the company. LRI Investments LLC bought a new stake in First Trust Large Cap Growth AlphaDEX Fund during the 1st quarter valued at $31,000. GAMMA Investing LLC purchased a new stake in First Trust Large Cap Growth AlphaDEX Fund during the 1st quarter worth about $37,000. Pinnacle Bancorp Inc. boosted its stake in First Trust Large Cap Growth AlphaDEX Fund by 25.0% in the 1st quarter. Pinnacle Bancorp Inc. now owns 500 shares of the company’s stock worth $62,000 after purchasing an additional 100 shares during the period. Hilltop National Bank purchased a new position in First Trust Large Cap Growth AlphaDEX Fund during the 2nd quarter valued at about $84,000. Finally, Zions Bancorporation N.A. bought a new stake in shares of First Trust Large Cap Growth AlphaDEX Fund during the second quarter valued at about $147,000.

First Trust Large Cap Growth AlphaDEX Fund Trading Up 0.7 %

First Trust Large Cap Growth AlphaDEX Fund stock opened at $131.45 on Friday. The business’s 50 day simple moving average is $124.15 and its 200 day simple moving average is $122.20. First Trust Large Cap Growth AlphaDEX Fund has a 12 month low of $91.36 and a 12 month high of $131.86. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 21.72 and a beta of 1.04.

First Trust Large Cap Growth AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 26th will be paid a dividend of $0.0999 per share. This is an increase from First Trust Large Cap Growth AlphaDEX Fund’s previous quarterly dividend of $0.05. The ex-dividend date is Thursday, September 26th. This represents a $0.40 annualized dividend and a dividend yield of 0.30%.

First Trust Large Cap Growth AlphaDEX Fund Company Profile

(Get Free Report)

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).

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