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 significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 14,900 shares, a decrease of 8.6% from the July 15th total of 16,300 shares. Based on an average daily volume of 18,400 shares, the days-to-cover ratio is currently 0.8 days.

First Trust Large Cap Core AlphaDEX Fund Stock Performance

NASDAQ FEX traded up $0.79 during mid-day trading on Monday, reaching $100.35. 14,251 shares of the stock were exchanged, compared to its average volume of 24,070. First Trust Large Cap Core AlphaDEX Fund has a 1-year low of $76.65 and a 1-year high of $100.95. The business’s fifty day simple moving average is $97.65 and its 200 day simple moving average is $96.55. The stock has a market capitalization of $1.24 billion, a PE ratio of 17.45 and a beta of 1.06.

First Trust Large Cap Core AlphaDEX Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $1.02 dividend on an annualized basis and a yield of 1.02%.

Institutional Trading of First Trust Large Cap Core AlphaDEX Fund

Hedge funds have recently bought and sold shares of the company. Susquehanna International Group LLP raised its stake in First Trust Large Cap Core AlphaDEX Fund by 2.8% during the second quarter. Susquehanna International Group LLP now owns 47,413 shares of the company’s stock worth $4,599,000 after purchasing an additional 1,299 shares during the period. Dorsey Wright & Associates purchased a new position in First Trust Large Cap Core AlphaDEX Fund during the second quarter worth approximately $2,212,000. Bank of Montreal Can purchased a new position in First Trust Large Cap Core AlphaDEX Fund during the second quarter worth approximately $376,000. Benjamin F. Edwards & Company Inc. raised its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 344.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 49,718 shares of the company’s stock valued at $4,822,000 after acquiring an additional 38,544 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 38.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 80,355 shares of the company’s stock valued at $7,794,000 after acquiring an additional 22,393 shares during the period.

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.