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

Posted by on Aug 13th, 2023

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 July. As of July 31st, there was short interest totalling 4,100 shares, a growth of 156.3% from the July 15th total of 1,600 shares. Based on an average trading volume of 34,900 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On First Trust Large Cap Growth AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTC. Great Valley Advisor Group Inc. grew its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 1.1% in the 4th quarter. Great Valley Advisor Group Inc. now owns 9,596 shares of the company’s stock worth $878,000 after acquiring an additional 106 shares during the period. Geneos Wealth Management Inc. grew its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,844 shares of the company’s stock worth $623,000 after acquiring an additional 125 shares during the period. Apollon Wealth Management LLC grew its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 0.8% in the 2nd quarter. Apollon Wealth Management LLC now owns 17,034 shares of the company’s stock worth $1,725,000 after acquiring an additional 130 shares during the period. Virtue Capital Management LLC grew its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 1.9% in the 2nd quarter. Virtue Capital Management LLC now owns 7,991 shares of the company’s stock worth $802,000 after acquiring an additional 148 shares during the period. Finally, PFG Advisors grew its holdings in shares of First Trust Large Cap Growth AlphaDEX Fund by 2.8% in the 1st quarter. PFG Advisors now owns 5,812 shares of the company’s stock worth $541,000 after acquiring an additional 156 shares during the period.

First Trust Large Cap Growth AlphaDEX Fund Stock Down 0.5 %

Shares of FTC stock opened at $100.06 on Friday. The stock has a market capitalization of $995.60 million, a PE ratio of 19.00 and a beta of 1.04. First Trust Large Cap Growth AlphaDEX Fund has a 52-week low of $84.56 and a 52-week high of $104.78. The stock’s 50-day moving average price is $100.84 and its 200 day moving average price is $96.38.

First Trust Large Cap Growth AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, June 28th were given a dividend of $0.1326 per share. This represents a $0.53 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Tuesday, June 27th.

About First Trust Large Cap Growth AlphaDEX Fund

(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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