First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) Short Interest Down 62.5% in January

First Trust Large Cap Core AlphaDEX Fund (NASDAQ:FEX) saw a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 16,844 shares, a decline of 62.5% from the January 15th total of 44,939 shares. Based on an average trading volume of 12,653 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 12,653 shares, the days-to-cover ratio is presently 1.3 days.

First Trust Large Cap Core AlphaDEX Fund Stock Up 0.1%

Shares of NASDAQ:FEX opened at $126.88 on Wednesday. The company has a market capitalization of $1.45 billion, a P/E ratio of 17.76 and a beta of 0.99. First Trust Large Cap Core AlphaDEX Fund has a 52-week low of $88.06 and a 52-week high of $127.29. The stock’s fifty day simple moving average is $121.52 and its 200-day simple moving average is $117.53.

First Trust Large Cap Core AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.4092 dividend. This is a positive change from First Trust Large Cap Core AlphaDEX Fund’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, December 12th. This represents a $1.64 dividend on an annualized basis and a yield of 1.3%.

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

Institutional investors have recently modified their holdings of the company. Hantz Financial Services Inc. purchased a new position in shares of First Trust Large Cap Core AlphaDEX Fund in the 2nd quarter worth about $34,000. Washington Trust Advisors Inc. purchased a new position in First Trust Large Cap Core AlphaDEX Fund in the third quarter valued at approximately $40,000. Rossby Financial LCC purchased a new position in First Trust Large Cap Core AlphaDEX Fund in the third quarter valued at approximately $54,000. Wealth Watch Advisors INC acquired a new position in First Trust Large Cap Core AlphaDEX Fund during the third quarter valued at approximately $61,000. Finally, CIBC Private Wealth Group LLC acquired a new position in First Trust Large Cap Core AlphaDEX Fund during the third quarter valued at approximately $62,000.

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. Standard & Poor’s constructs the Index by ranking the stocks from the S&P 500 Index on growth factors, including 3, 6 and 12-month price appreciation, sales to price and one-year sales growth, and separately on value factors, including book value to price, cash flow to price and return on assets.