First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Short Interest Update

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

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.4%

NASDAQ FTA traded up $0.37 during trading hours on Friday, reaching $90.21. 24,469 shares of the company were exchanged, compared to its average volume of 43,888. First Trust Large Cap Value AlphaDEX Fund has a 1 year low of $66.01 and a 1 year high of $90.31. The business’s 50 day simple moving average is $87.21 and its 200-day simple moving average is $83.96. The stock has a market capitalization of $1.24 billion, a P/E 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. Stockholders of record on Friday, December 12th were paid a dividend of $0.5233 per share. This represents a $2.09 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, December 12th. This is an increase from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.40.

Hedge Funds Weigh In On First Trust Large Cap Value AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of FTA. Cullen Frost Bankers Inc. bought a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the third quarter valued at $25,000. Clear Investment Research LLC purchased a new stake in First Trust Large Cap Value AlphaDEX Fund in the 3rd quarter worth about $44,000. CX Institutional purchased a new stake in First Trust Large Cap Value AlphaDEX Fund in the 3rd quarter worth about $48,000. Private Trust Co. NA raised its stake in First Trust Large Cap Value AlphaDEX Fund by 42.6% in the 3rd quarter. Private Trust Co. NA now owns 613 shares of the company’s stock valued at $51,000 after acquiring an additional 183 shares during the period. Finally, Bessemer Group Inc. purchased a new stake in First Trust Large Cap Value AlphaDEX Fund during the second quarter valued at about $62,000.

About First Trust Large Cap Value AlphaDEX Fund

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.