First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Sees Significant Drop in Short Interest

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 28,300 shares, a drop of 21.6% from the October 15th total of 36,100 shares. Based on an average daily trading volume, of 21,200 shares, the short-interest ratio is presently 1.3 days.

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

Several large investors have recently added to or reduced their stakes in the business. Ashton Thomas Private Wealth LLC acquired a new position in First Trust Large Cap Core AlphaDEX Fund during the 2nd quarter worth approximately $123,000. International Assets Investment Management LLC acquired a new stake in First Trust Large Cap Core AlphaDEX Fund during the 2nd quarter worth approximately $166,000. Assetmark Inc. lifted its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 24.4% during the third quarter. Assetmark Inc. now owns 1,676 shares of the company’s stock worth $175,000 after purchasing an additional 329 shares during the period. Concurrent Investment Advisors LLC purchased a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the third quarter valued at about $207,000. Finally, Ellis Investment Partners LLC purchased a new stake in First Trust Large Cap Core AlphaDEX Fund in the 3rd quarter valued at approximately $213,000.

First Trust Large Cap Core AlphaDEX Fund Trading Down 0.3 %

First Trust Large Cap Core AlphaDEX Fund stock traded down $0.36 during trading on Friday, hitting $108.66. The company had a trading volume of 12,113 shares, compared to its average volume of 23,434. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 17.45 and a beta of 1.06. First Trust Large Cap Core AlphaDEX Fund has a 1-year low of $83.40 and a 1-year high of $110.92. The company’s 50 day simple moving average is $104.73 and its 200-day simple moving average is $100.38.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.3502 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.26.

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.