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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTAGet Free Report) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 15,300 shares, a growth of 3,725.0% from the January 15th total of 400 shares. Based on an average trading volume of 62,500 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of First Trust Large Cap Value AlphaDEX Fund by 98.8% during the 1st quarter. Bank of New York Mellon Corp now owns 16,378 shares of the company’s stock valued at $1,155,000 after purchasing an additional 8,139 shares during the last quarter. Baird Financial Group Inc. boosted its position in First Trust Large Cap Value AlphaDEX Fund by 9.1% during the first quarter. Baird Financial Group Inc. now owns 69,372 shares of the company’s stock valued at $4,892,000 after purchasing an additional 5,768 shares in the last quarter. Equitable Holdings Inc. bought a new stake in First Trust Large Cap Value AlphaDEX Fund during the first quarter valued at about $211,000. Laurel Wealth Advisors Inc. raised its stake in First Trust Large Cap Value AlphaDEX Fund by 16.0% in the first quarter. Laurel Wealth Advisors Inc. now owns 187,479 shares of the company’s stock valued at $13,221,000 after buying an additional 25,895 shares during the last quarter. Finally, Flow Traders U.S. LLC purchased a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the first quarter worth about $863,000.

First Trust Large Cap Value AlphaDEX Fund Trading Up 1.2 %

FTA opened at $70.92 on Tuesday. First Trust Large Cap Value AlphaDEX Fund has a 12-month low of $61.47 and a 12-month high of $72.34. The stock has a fifty day simple moving average of $70.19 and a two-hundred day simple moving average of $67.49. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 13.46 and a beta of 1.11.

First Trust Large Cap Value AlphaDEX Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 26th were paid a dividend of $0.4904 per share. This represents a $1.96 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend was Friday, December 22nd.

About First Trust Large Cap Value AlphaDEX Fund

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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.

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