Short Interest in First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Grows By 4,373.8%

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 46,885 shares, an increase of 4,373.8% from the June 30th total of 1,048 shares. Based on an average trading volume of 39,253 shares, the short-interest ratio is presently 1.2 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Hedge funds have recently modified their holdings of the stock. Eastern Bank acquired a new stake in First Trust Large Cap Value AlphaDEX Fund during the second quarter worth about $32,000. Main Street Group LTD purchased a new stake in First Trust Large Cap Value AlphaDEX Fund in the 1st quarter worth approximately $33,000. Cullen Frost Bankers Inc. grew its stake 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 worth $39,000 after purchasing an additional 154 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 282.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 562 shares of the company’s stock valued at $49,000 after purchasing an additional 415 shares during the period. Finally, Smithfield Trust Co boosted its holdings in First Trust Large Cap Value AlphaDEX Fund by 20.0% during the fourth quarter. Smithfield Trust Co now owns 720 shares of the company’s stock worth $62,000 after buying an additional 120 shares in the last quarter.

First Trust Large Cap Value AlphaDEX Fund Stock Up 1.6%

Shares of NASDAQ:FTA traded up $1.55 during midday trading on Friday, reaching $100.40. The company’s stock had a trading volume of 32,677 shares, compared to its average volume of 36,356. The stock has a fifty day moving average of $96.57 and a 200 day moving average of $93.84. First Trust Large Cap Value AlphaDEX Fund has a twelve month low of $77.66 and a twelve month high of $101.15. The firm has a market capitalization of $1.38 billion, a PE ratio of 13.54 and a beta of 0.79.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.3389 per share. This represents a $1.36 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, June 25th.

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.