Short Interest in First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Grows By 608.4%

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 19,723 shares, an increase of 608.4% from the May 31st total of 2,784 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,216 shares, the days-to-cover ratio is currently 1.1 days.

First Trust Large Cap Value AlphaDEX Fund Price Performance

Shares of NASDAQ:FTA opened at $97.02 on Friday. The business’s 50 day moving average price is $94.90 and its 200-day moving average price is $92.16. First Trust Large Cap Value AlphaDEX Fund has a 1 year low of $77.66 and a 1 year high of $97.90. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 13.54 and a beta of 0.79.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be given a dividend of $0.3389 per share. The ex-dividend date is Thursday, June 25th. This represents a $1.36 dividend on an annualized basis and a yield of 1.4%.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC increased its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 558.1% during the first quarter. Parallel Advisors LLC now owns 14,879 shares of the company’s stock worth $1,374,000 after purchasing an additional 12,618 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of First Trust Large Cap Value AlphaDEX Fund by 57.1% during the 1st quarter. NewEdge Advisors LLC now owns 156,182 shares of the company’s stock worth $14,423,000 after purchasing an additional 56,797 shares during the last quarter. Bank of America Corp DE lifted its stake in First Trust Large Cap Value AlphaDEX Fund by 12.8% in the 1st quarter. Bank of America Corp DE now owns 391,307 shares of the company’s stock valued at $36,137,000 after buying an additional 44,259 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in First Trust Large Cap Value AlphaDEX Fund by 8.8% in the 1st quarter. Arkadios Wealth Advisors now owns 14,562 shares of the company’s stock valued at $1,345,000 after buying an additional 1,180 shares in the last quarter. Finally, IFS Group LLC acquired a new stake in First Trust Large Cap Value AlphaDEX Fund in the 1st quarter worth about $576,000.

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.