Short Interest in First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Increases By 172.0%

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTAGet Free Report) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 10,158 shares, a growth of 172.0% from the August 15th total of 3,735 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 18,780 shares, the short-interest ratio is presently 0.5 days.

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.7%

Shares of NASDAQ FTA opened at $101.20 on Friday. The stock has a market cap of $1.39 billion, a P/E ratio of 13.54 and a beta of 0.79. The firm’s 50-day simple moving average is $101.47 and its 200 day simple moving average is $96.74. First Trust Large Cap Value AlphaDEX Fund has a fifty-two week low of $81.12 and a fifty-two week high of $104.95.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.3389 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Thursday, June 25th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. World Investment Advisors acquired a new stake in First Trust Large Cap Value AlphaDEX Fund in the 4th quarter valued at about $257,000. Asset Allocation Strategies LLC grew its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 93.3% in the 4th quarter. Asset Allocation Strategies LLC now owns 5,573 shares of the company’s stock worth $480,000 after purchasing an additional 2,690 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the 4th quarter worth approximately $186,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 5.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,298 shares of the company’s stock worth $543,000 after purchasing an additional 341 shares during the last quarter. Finally, Integrity Alliance LLC. raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 29.4% in the 4th quarter. Integrity Alliance LLC. now owns 3,202 shares of the company’s stock worth $276,000 after purchasing an additional 728 shares in the last quarter.

First Trust Large Cap Value AlphaDEX Fund Company Profile

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The First Trust Large Cap Value AlphaDEX Fund (FTA) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Large Cap Value index. The fund selects and weights value stocks using fundamental factors including sales, book value and cash flows. FTA was launched on May 8, 2007 and is managed by First Trust.

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