First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Short Interest Update

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totaling 11,457 shares, a growth of 178.0% from the March 31st total of 4,121 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 44,028 shares, the short-interest ratio is presently 0.3 days.

First Trust Large Cap Value AlphaDEX Fund Price Performance

FTA traded down $0.93 on Friday, hitting $94.20. The company had a trading volume of 19,534 shares, compared to its average volume of 41,154. First Trust Large Cap Value AlphaDEX Fund has a 52-week low of $72.19 and a 52-week high of $96.27. The stock has a fifty day simple moving average of $93.21 and a 200-day simple moving average of $88.69. The firm has a market capitalization of $1.29 billion, a P/E ratio of 13.54 and a beta of 0.85.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.3622 dividend. The ex-dividend date was Thursday, March 26th. This represents a $1.45 annualized dividend and a yield of 1.5%.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of FTA. Smithfield Trust Co grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 20.0% during the fourth quarter. Smithfield Trust Co now owns 720 shares of the company’s stock valued at $62,000 after buying an additional 120 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 0.3% during the third quarter. D.A. Davidson & CO. now owns 38,259 shares of the company’s stock valued at $3,188,000 after buying an additional 133 shares during the last quarter. Moloney Securities Asset Management LLC grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 5.4% during the third quarter. Moloney Securities Asset Management LLC now owns 2,702 shares of the company’s stock valued at $225,000 after buying an additional 139 shares during the last quarter. Cullen Frost Bankers Inc. grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 51.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 455 shares of the company’s stock valued at $39,000 after buying an additional 154 shares during the last quarter. Finally, REAP Financial Group LLC grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 5.6% during the third quarter. REAP Financial Group LLC now owns 3,260 shares of the company’s stock valued at $272,000 after buying an additional 173 shares during the last quarter.

About First Trust Large Cap Value AlphaDEX Fund

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.