Short Interest in First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Grows By 568.5%

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) was the target of a large increase in short interest in October. As of October 15th, there was short interest totalling 36,100 shares, an increase of 568.5% from the September 30th total of 5,400 shares. Based on an average daily volume of 23,700 shares, the days-to-cover ratio is presently 1.5 days.

First Trust Large Cap Core AlphaDEX Fund Stock Down 0.6 %

Shares of NASDAQ FEX traded down $0.58 during midday trading on Friday, reaching $104.52. 11,555 shares of the company’s stock traded hands, compared to its average volume of 23,942. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 17.45 and a beta of 1.06. First Trust Large Cap Core AlphaDEX Fund has a one year low of $76.65 and a one year high of $106.68. The stock’s 50 day simple moving average is $102.89 and its 200-day simple moving average is $99.08.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.3502 per share. This represents a $1.40 annualized dividend and a yield of 1.34%. The ex-dividend date was Thursday, September 26th. This is a boost from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.26.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FEX. Ashton Thomas Private Wealth LLC purchased a new position in First Trust Large Cap Core AlphaDEX Fund in the second quarter valued at about $123,000. International Assets Investment Management LLC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the 2nd quarter valued at about $166,000. SpiderRock Advisors LLC bought a new stake in shares of First Trust Large Cap Core AlphaDEX Fund in the 1st quarter valued at about $201,000. Ellis Investment Partners LLC purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the 3rd quarter worth approximately $213,000. Finally, IFG Advisory LLC bought a new position in shares of First Trust Large Cap Core AlphaDEX Fund during the 2nd quarter worth approximately $214,000.

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.