First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Short Interest Down 56.9% in August

by · The Cerbat Gem

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC – Get Free Report) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 5,929 shares, a drop of 56.9% from the August 15th total of 13,758 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 18,258 shares, the days-to-cover ratio is presently 0.3 days.

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

A number of large investors have recently added to or reduced their stakes in FTC. Clearwater Capital Advisors LLC lifted its stake in First Trust Large Cap Growth AlphaDEX Fund by 2.1% in the first quarter. Clearwater Capital Advisors LLC now owns 5,874 shares of the company’s stock valued at $905,000 after purchasing an additional 120 shares during the last quarter. Arkadios Wealth Advisors lifted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.6% during the 1st quarter. Arkadios Wealth Advisors now owns 5,399 shares of the company’s stock valued at $832,000 after buying an additional 136 shares during the last quarter. Global Retirement Partners LLC lifted its position in shares of First Trust Large Cap Growth AlphaDEX Fund by 8.5% during the 4th quarter. Global Retirement Partners LLC now owns 2,617 shares of the company’s stock valued at $418,000 after buying an additional 206 shares during the last quarter. Kestra Advisory Services LLC lifted its holdings in First Trust Large Cap Growth AlphaDEX Fund by 1.8% during the first quarter. Kestra Advisory Services LLC now owns 11,470 shares of the company’s stock valued at $1,768,000 after purchasing an additional 206 shares during the last quarter. Finally, First Bancorp Inc ME bought a new position in First Trust Large Cap Growth AlphaDEX Fund during the second quarter worth about $60,000.

First Trust Large Cap Growth AlphaDEX Fund Stock Down 1.9%

Shares of FTC stock traded down $3.29 on Monday, reaching $172.61. The stock had a trading volume of 7,356 shares, compared to its average volume of 18,298. First Trust Large Cap Growth AlphaDEX Fund has a 12 month low of $147.94 and a 12 month high of $194.18. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 28.68 and a beta of 1.14. The firm’s 50-day moving average is $179.79 and its two-hundred day moving average is $174.64.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.0419 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, June 25th.

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). 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.

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