First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Large Increase in Short Interest

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTAGet Rating) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 10,100 shares, a growth of 274.1% from the March 15th total of 2,700 shares. Based on an average daily trading volume, of 98,600 shares, the days-to-cover ratio is currently 0.1 days.

Shares of FTA stock opened at $70.69 on Friday. The stock has a 50-day simple moving average of $69.80 and a 200 day simple moving average of $68.88. First Trust Large Cap Value AlphaDEX Fund has a fifty-two week low of $63.31 and a fifty-two week high of $72.52.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Monday, March 28th were paid a $0.268 dividend. This represents a $1.07 annualized dividend and a yield of 1.52%. The ex-dividend date was Friday, March 25th.

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Group Holdings Inc. grew its holdings in First Trust Large Cap Value AlphaDEX Fund by 1.2% in the 3rd quarter. Advisor Group Holdings Inc. now owns 219,514 shares of the company’s stock valued at $14,162,000 after buying an additional 2,583 shares during the last quarter. Regal Investment Advisors LLC grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 5.0% during the 3rd quarter. Regal Investment Advisors LLC now owns 87,776 shares of the company’s stock worth $5,655,000 after purchasing an additional 4,172 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 41.1% during the 3rd quarter. AE Wealth Management LLC now owns 12,049 shares of the company’s stock worth $776,000 after buying an additional 3,507 shares during the period. Transcend Wealth Collective LLC bought a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the 3rd quarter worth approximately $356,000. Finally, Raymond James Financial Services Advisors Inc. raised its position in First Trust Large Cap Value AlphaDEX Fund by 20.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 196,081 shares of the company’s stock valued at $12,631,000 after purchasing an additional 33,753 shares during the last quarter.

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