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 drop in short interest in February. As of February 28th, there was short interest totalling 9,700 shares, a drop of 14.9% from the February 13th total of 11,400 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 26,500 shares, the short-interest ratio is currently 0.4 days.

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

Several hedge funds have recently bought and sold shares of the company. Spirit of America Management Corp NY grew its holdings in First Trust Large Cap Growth AlphaDEX Fund by 9.6% during the 4th quarter. Spirit of America Management Corp NY now owns 1,339 shares of the company’s stock valued at $185,000 after buying an additional 117 shares during the last quarter. New Century Financial Group LLC acquired a new stake in First Trust Large Cap Growth AlphaDEX Fund during the 4th quarter valued at $270,000. CX Institutional grew its holdings in First Trust Large Cap Growth AlphaDEX Fund by 15.2% during the 4th quarter. CX Institutional now owns 58,079 shares of the company’s stock valued at $8,029,000 after buying an additional 7,649 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in First Trust Large Cap Growth AlphaDEX Fund by 1.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 437,116 shares of the company’s stock valued at $60,431,000 after buying an additional 6,865 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in First Trust Large Cap Growth AlphaDEX Fund by 17.3% during the 4th quarter. Arkadios Wealth Advisors now owns 5,208 shares of the company’s stock valued at $720,000 after buying an additional 768 shares during the last quarter.

First Trust Large Cap Growth AlphaDEX Fund Price Performance

NASDAQ FTC opened at $133.21 on Friday. First Trust Large Cap Growth AlphaDEX Fund has a 1-year low of $113.13 and a 1-year high of $149.16. The company has a market capitalization of $1.06 billion, a P/E ratio of 26.16 and a beta of 1.04. The business has a 50 day moving average price of $141.29 and a 200 day moving average price of $138.44.

First Trust Large Cap Growth AlphaDEX Fund Company Profile

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).