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

First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 9,700 shares, a decrease of 14.9% from the February 13th total of 11,400 shares. Based on an average trading volume of 26,500 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

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

A number of large investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 18.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,164 shares of the company’s stock worth $437,000 after buying an additional 498 shares in the last quarter. Centaurus Financial Inc. purchased a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter worth approximately $133,000. Richmond Investment Services LLC purchased a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter worth approximately $542,000. Mpwm Advisory Solutions LLC purchased a new position in shares of First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter worth approximately $60,000. Finally, Focus Partners Wealth raised its stake in shares of First Trust Large Cap Growth AlphaDEX Fund by 26.2% during the 4th quarter. Focus Partners Wealth now owns 3,340 shares of the company’s stock worth $462,000 after buying an additional 693 shares in the last quarter.

First Trust Large Cap Growth AlphaDEX Fund Stock Down 0.6 %

FTC opened at $133.21 on Friday. The company has a market cap of $1.06 billion, a PE ratio of 26.16 and a beta of 1.04. The business has a 50 day moving average price of $141.29 and a two-hundred day moving average price of $138.44. First Trust Large Cap Growth AlphaDEX Fund has a 52 week low of $113.13 and a 52 week high of $149.16.

About First Trust Large Cap Growth AlphaDEX Fund

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).