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 May. As of May 29th, there was short interest totaling 2,784 shares, a decline of 86.9% from the May 14th total of 21,299 shares. Based on an average daily volume of 20,785 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

First Trust Large Cap Value AlphaDEX Fund Price Performance

Shares of NASDAQ:FTA opened at $96.62 on Friday. First Trust Large Cap Value AlphaDEX Fund has a 1 year low of $76.92 and a 1 year high of $96.87. The stock’s 50-day moving average is $94.25 and its 200 day moving average is $91.40. The company has a market cap of $1.32 billion, a PE ratio of 13.54 and a beta of 0.79.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.3622 per share. The ex-dividend date was Thursday, March 26th. This represents a $1.45 dividend on an annualized basis and a dividend yield of 1.5%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FTA. Cullen Frost Bankers Inc. lifted its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 51.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 455 shares of the company’s stock valued at $39,000 after buying an additional 154 shares during the period. IFP Advisors Inc raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 4.2% in the 4th quarter. IFP Advisors Inc now owns 42,400 shares of the company’s stock worth $3,653,000 after purchasing an additional 1,692 shares during the period. Western Wealth Management LLC raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 3.3% in the 4th quarter. Western Wealth Management LLC now owns 15,148 shares of the company’s stock worth $1,305,000 after purchasing an additional 482 shares during the period. Benjamin Edwards Inc. raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 12.3% in the 4th quarter. Benjamin Edwards Inc. now owns 94,302 shares of the company’s stock worth $8,127,000 after purchasing an additional 10,366 shares during the period. Finally, HBW Advisory Services LLC raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 187.0% during the fourth quarter. HBW Advisory Services LLC now owns 14,907 shares of the company’s stock valued at $1,284,000 after acquiring an additional 9,713 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.