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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 21,374 shares, a growth of 86.6% from the April 15th total of 11,457 shares. Based on an average trading volume of 30,259 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On First Trust Large Cap Value AlphaDEX Fund

Hedge funds have recently made changes to their positions in the company. Wedbush Securities Inc. raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 21.5% during the third quarter. Wedbush Securities Inc. now owns 3,678 shares of the company’s stock valued at $306,000 after acquiring an additional 652 shares during the last quarter. Clear Investment Research LLC acquired a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the third quarter valued at approximately $44,000. Assetmark Inc. raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 5.3% during the third quarter. Assetmark Inc. now owns 138,191 shares of the company’s stock valued at $11,515,000 after acquiring an additional 6,909 shares during the last quarter. Prospera Financial Services Inc raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 8.1% during the third quarter. Prospera Financial Services Inc now owns 41,032 shares of the company’s stock valued at $3,419,000 after acquiring an additional 3,079 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 77.2% during the third quarter. Jones Financial Companies Lllp now owns 15,443 shares of the company’s stock valued at $1,282,000 after acquiring an additional 6,729 shares during the last quarter.

First Trust Large Cap Value AlphaDEX Fund Stock Down 0.9%

Shares of First Trust Large Cap Value AlphaDEX Fund stock traded down $0.86 during mid-day trading on Friday, reaching $92.07. 16,257 shares of the stock traded hands, compared to its average volume of 40,114. The business has a 50-day moving average of $92.97 and a 200 day moving average of $89.72. First Trust Large Cap Value AlphaDEX Fund has a fifty-two week low of $74.35 and a fifty-two week high of $96.27. The stock has a market capitalization of $1.26 billion, a PE ratio of 13.54 and a beta of 0.81.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.3622 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.45 dividend on an annualized basis and a dividend yield of 1.6%.

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.