First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Short Interest Down 37.0% in January

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 29,331 shares, a drop of 37.0% from the December 31st total of 46,584 shares. Based on an average daily volume of 55,487 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s shares are short sold. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 55,487 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On First Trust Large Cap Value AlphaDEX Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTA. Ashton Thomas Private Wealth LLC grew its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 6.5% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 5,261 shares of the company’s stock valued at $453,000 after buying an additional 320 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in First Trust Large Cap Value AlphaDEX Fund by 2.2% in the fourth quarter. Sanctuary Advisors LLC now owns 19,067 shares of the company’s stock valued at $1,643,000 after acquiring an additional 417 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in First Trust Large Cap Value AlphaDEX Fund by 3.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 9,298 shares of the company’s stock valued at $801,000 after acquiring an additional 321 shares during the last quarter. AE Wealth Management LLC grew its position in First Trust Large Cap Value AlphaDEX Fund by 3.3% in the fourth quarter. AE Wealth Management LLC now owns 70,747 shares of the company’s stock worth $6,095,000 after acquiring an additional 2,260 shares in the last quarter. Finally, Assetmark Inc. increased its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 2.0% during the 4th quarter. Assetmark Inc. now owns 141,002 shares of the company’s stock worth $12,147,000 after purchasing an additional 2,811 shares during the last quarter.

First Trust Large Cap Value AlphaDEX Fund Trading Up 0.5%

Shares of NASDAQ FTA opened at $89.84 on Friday. First Trust Large Cap Value AlphaDEX Fund has a one year low of $66.01 and a one year high of $90.31. The business has a 50-day moving average price of $87.07 and a two-hundred day moving average price of $83.83. The firm has a market capitalization of $1.23 billion, a PE ratio of 13.54 and a beta of 0.91.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a dividend of $0.5233 per share. This is an increase from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.40. This represents a $2.09 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, December 12th.

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.