First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Short Interest Up 115.1% in February

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 24,999 shares, a growth of 115.1% from the January 29th total of 11,621 shares. Based on an average daily volume of 43,872 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 43,872 shares, the days-to-cover ratio is currently 0.6 days.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Asset Allocation Strategies LLC purchased a new stake in First Trust Large Cap Value AlphaDEX Fund during the third quarter worth about $240,000. Osaic Holdings Inc. grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 4.3% in the second quarter. Osaic Holdings Inc. now owns 153,411 shares of the company’s stock valued at $12,057,000 after purchasing an additional 6,311 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the second quarter valued at approximately $212,000. Total Investment Management Inc. purchased a new stake in First Trust Large Cap Value AlphaDEX Fund during the 2nd quarter worth approximately $89,000. Finally, Global Retirement Partners LLC acquired a new stake in First Trust Large Cap Value AlphaDEX Fund during the 2nd quarter worth approximately $772,000.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

Shares of First Trust Large Cap Value AlphaDEX Fund stock traded down $0.25 during trading hours on Friday, hitting $94.36. The company’s stock had a trading volume of 1,912 shares, compared to its average volume of 41,583. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 13.54 and a beta of 0.91. First Trust Large Cap Value AlphaDEX Fund has a twelve month low of $66.01 and a twelve month high of $95.64. The firm has a fifty day moving average of $90.29 and a 200-day moving average of $85.77.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.5233 dividend. The ex-dividend date of this dividend was Friday, December 12th. This is an increase from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.40. This represents a $2.09 dividend on an annualized basis and a yield of 2.2%.

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.