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

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 21,500 shares, a growth of 481.1% from the May 31st total of 3,700 shares. Based on an average daily trading volume, of 21,900 shares, the days-to-cover ratio is presently 1.0 days.

First Trust Large Cap Core AlphaDEX Fund Stock Up 0.3 %

FEX traded up $0.25 during trading hours on Friday, hitting $96.99. 12,824 shares of the company’s stock were exchanged, compared to its average volume of 25,532. First Trust Large Cap Core AlphaDEX Fund has a 1-year low of $76.65 and a 1-year high of $99.44. The stock’s 50-day moving average is $96.67 and its two-hundred day moving average is $94.42. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 17.45 and a beta of 1.06.

First Trust Large Cap Core AlphaDEX Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 27th will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 1.05%. The ex-dividend date is Thursday, June 27th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FEX. International Assets Investment Management LLC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the fourth quarter valued at $13,939,000. Wells Fargo & Company MN raised its stake in First Trust Large Cap Core AlphaDEX Fund by 22.9% in the fourth quarter. Wells Fargo & Company MN now owns 509,705 shares of the company’s stock valued at $45,957,000 after buying an additional 94,813 shares during the period. Coppell Advisory Solutions Corp. acquired a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the first quarter valued at approximately $7,086,000. Osaic Holdings Inc. boosted its stake in shares of First Trust Large Cap Core AlphaDEX Fund by 33.0% during the 1st quarter. Osaic Holdings Inc. now owns 200,762 shares of the company’s stock worth $19,924,000 after acquiring an additional 49,867 shares during the period. Finally, Kestra Advisory Services LLC increased its holdings in shares of First Trust Large Cap Core AlphaDEX Fund by 31.5% during the 1st quarter. Kestra Advisory Services LLC now owns 185,278 shares of the company’s stock worth $18,387,000 after acquiring an additional 44,329 shares during the last quarter.

First Trust Large Cap Core AlphaDEX Fund Company Profile

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.