First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Shares Shorted: Short Interest Up 963.9% in September

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 26,140 shares, an increase of 963.9% from the September 15th total of 2,457 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 30,778 shares, the short-interest ratio is presently 0.8 days.

First Trust Large Cap Value AlphaDEX Fund Trading Down 0.4%

FTA traded down $0.35 during trading hours on Friday, hitting $97.46. The company’s stock had a trading volume of 79,188 shares, compared to its average volume of 34,692. The business’s 50-day moving average price is $100.77 and its 200-day moving average price is $97.42. First Trust Large Cap Value AlphaDEX Fund has a 12 month low of $81.12 and a 12 month high of $104.95. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 13.54 and a beta of 0.80.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a dividend of $0.5259 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.2%. This is a boost from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.3389. The ex-dividend date was Thursday, September 24th.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 12.8% during the 1st quarter. Bank of America Corp DE now owns 391,307 shares of the company’s stock worth $36,137,000 after acquiring an additional 44,259 shares during the last quarter. Cetera Investment Advisers grew its stake in First Trust Large Cap Value AlphaDEX Fund by 0.5% in the first quarter. Cetera Investment Advisers now owns 345,175 shares of the company’s stock worth $31,877,000 after purchasing an additional 1,685 shares in the last quarter. Royal Bank of Canada increased its holdings in First Trust Large Cap Value AlphaDEX Fund by 0.5% during the 1st quarter. Royal Bank of Canada now owns 298,949 shares of the company’s stock worth $27,608,000 after purchasing an additional 1,394 shares during the period. NewEdge Advisors LLC increased its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 2.9% during the second quarter. NewEdge Advisors LLC now owns 160,678 shares of the company’s stock valued at $15,553,000 after buying an additional 4,496 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in First Trust Large Cap Value AlphaDEX Fund by 11.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 72,129 shares of the company’s stock worth $6,661,000 after acquiring an additional 7,170 shares in the last quarter.

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.