Short Interest in First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Decreases By 95.8%

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTAGet Rating) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 800 shares, a decrease of 95.8% from the April 30th total of 19,100 shares. Based on an average trading volume of 76,700 shares, the days-to-cover ratio is currently 0.0 days.

Shares of NASDAQ FTA traded up $0.90 during mid-day trading on Wednesday, hitting $68.03. The company’s stock had a trading volume of 85,105 shares, compared to its average volume of 91,598. First Trust Large Cap Value AlphaDEX Fund has a one year low of $63.31 and a one year high of $73.31. The company’s fifty day simple moving average is $69.53 and its 200-day simple moving average is $69.26.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Monday, March 28th were paid a $0.268 dividend. This represents a $1.07 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Friday, March 25th.

Hedge funds and other institutional investors have recently modified their holdings of the company. True Link Financial Advisors LLC bought a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the 4th quarter valued at about $39,000. Pacifica Partners Inc. increased its stake in First Trust Large Cap Value AlphaDEX Fund by 28.6% in the fourth quarter. Pacifica Partners Inc. now owns 670 shares of the company’s stock valued at $48,000 after purchasing an additional 149 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. acquired a new stake in First Trust Large Cap Value AlphaDEX Fund in the fourth quarter worth $76,000. CWM LLC boosted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 446.0% during the first quarter. CWM LLC now owns 1,436 shares of the company’s stock worth $101,000 after purchasing an additional 1,173 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 71.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,564 shares of the company’s stock valued at $110,000 after buying an additional 651 shares during the period.

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