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 large increase in short interest in March. As of March 13th, there was short interest totaling 65,708 shares, an increase of 248.7% from the February 26th total of 18,846 shares. Based on an average trading volume of 35,687 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.5% of the shares of the stock are short sold.

First Trust Large Cap Value AlphaDEX Fund Stock Down 0.3%

Shares of First Trust Large Cap Value AlphaDEX Fund stock opened at $92.07 on Friday. First Trust Large Cap Value AlphaDEX Fund has a twelve month low of $66.01 and a twelve month high of $95.64. The business has a 50-day moving average price of $92.26 and a 200 day moving average price of $87.18. The firm has a market cap of $1.26 billion, a PE ratio of 13.54 and a beta of 0.91.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th will be issued a $0.3622 dividend. This represents a $1.45 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, March 26th.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cullen Frost Bankers Inc. purchased a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the 3rd quarter valued at approximately $25,000. Clear Investment Research LLC purchased a new stake in First Trust Large Cap Value AlphaDEX Fund in the 3rd quarter worth $44,000. CX Institutional purchased a new stake in First Trust Large Cap Value AlphaDEX Fund in the 3rd quarter worth $48,000. Smartleaf Asset Management LLC raised its position in First Trust Large Cap Value AlphaDEX Fund by 282.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 562 shares of the company’s stock worth $49,000 after acquiring an additional 415 shares during the period. Finally, Private Trust Co. NA raised its position in First Trust Large Cap Value AlphaDEX Fund by 42.6% during the third quarter. Private Trust Co. NA now owns 613 shares of the company’s stock worth $51,000 after acquiring an additional 183 shares during the period.

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.