First Trust Large Cap Growth AlphaDEX Fund (NASDAQ:FTC) Short Interest Down 14.9% in February

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

First Trust Large Cap Growth AlphaDEX Fund Price Performance

Shares of NASDAQ:FTC traded up $1.72 during mid-day trading on Wednesday, reaching $132.61. 6,175 shares of the company traded hands, compared to its average volume of 25,170. First Trust Large Cap Growth AlphaDEX Fund has a 52 week low of $113.13 and a 52 week high of $149.16. The firm has a market cap of $1.05 billion, a PE ratio of 26.16 and a beta of 1.04. The company’s 50 day moving average price is $141.53 and its 200-day moving average price is $138.51.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC boosted its stake in First Trust Large Cap Growth AlphaDEX Fund by 1.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 437,116 shares of the company’s stock worth $60,431,000 after purchasing an additional 6,865 shares during the period. Raymond James Financial Inc. bought a new position in First Trust Large Cap Growth AlphaDEX Fund in the 4th quarter worth approximately $27,798,000. Commonwealth Equity Services LLC boosted its stake in First Trust Large Cap Growth AlphaDEX Fund by 5.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 193,390 shares of the company’s stock worth $26,736,000 after purchasing an additional 9,562 shares during the period. Baird Financial Group Inc. boosted its stake in First Trust Large Cap Growth AlphaDEX Fund by 26.8% in the 4th quarter. Baird Financial Group Inc. now owns 149,647 shares of the company’s stock worth $20,689,000 after purchasing an additional 31,662 shares during the period. Finally, CX Institutional boosted its stake in First Trust Large Cap Growth AlphaDEX Fund by 15.2% in the 4th quarter. CX Institutional now owns 58,079 shares of the company’s stock worth $8,029,000 after purchasing an additional 7,649 shares during the period.

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).