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 decline in short interest during the month of June. As of June 30th, there was short interest totaling 1,048 shares, a decline of 94.7% from the June 15th total of 19,723 shares. Based on an average trading volume of 40,398 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On First Trust Large Cap Value AlphaDEX Fund

A number of institutional investors have recently made changes to their positions in the stock. Eastern Bank acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the second quarter valued at about $32,000. Main Street Group LTD acquired a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the first quarter worth approximately $33,000. Cullen Frost Bankers Inc. lifted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 51.2% in the fourth quarter. Cullen Frost Bankers Inc. now owns 455 shares of the company’s stock worth $39,000 after acquiring an additional 154 shares during the period. Smartleaf Asset Management LLC boosted its holdings in First Trust Large Cap Value AlphaDEX Fund by 282.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 562 shares of the company’s stock valued at $49,000 after acquiring an additional 415 shares during the last quarter. Finally, Smithfield Trust Co increased its position in First Trust Large Cap Value AlphaDEX Fund by 20.0% during the 4th quarter. Smithfield Trust Co now owns 720 shares of the company’s stock valued at $62,000 after purchasing an additional 120 shares during the period.

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.6%

Shares of FTA stock traded up $0.56 during trading hours on Friday, hitting $98.08. 17,230 shares of the company’s stock traded hands, compared to its average volume of 36,775. The stock’s 50 day simple moving average is $95.61 and its 200 day simple moving average is $93.01. The stock has a market cap of $1.34 billion, a PE ratio of 13.54 and a beta of 0.79. First Trust Large Cap Value AlphaDEX Fund has a 12 month low of $77.66 and a 12 month high of $99.32.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.3389 per share. This represents a $1.36 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, June 25th.

First Trust Large Cap Value AlphaDEX Fund Company Profile

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.