Short Interest in First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Grows By 107.4%

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 5,600 shares, a growth of 107.4% from the February 29th total of 2,700 shares. Based on an average trading volume of 60,400 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Large Cap Value AlphaDEX Fund Price Performance

Shares of NASDAQ:FTA traded up $0.44 on Thursday, hitting $76.38. 37,211 shares of the company’s stock were exchanged, compared to its average volume of 61,894. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 13.46 and a beta of 1.11. First Trust Large Cap Value AlphaDEX Fund has a 12 month low of $61.47 and a 12 month high of $76.49. The business’s 50 day simple moving average is $71.87 and its two-hundred day simple moving average is $68.58.

First Trust Large Cap Value AlphaDEX Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 22nd will be given a dividend of $0.3091 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date is Thursday, March 21st.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Hedge funds have recently modified their holdings of the company. TrueWealth Advisors LLC increased its position in First Trust Large Cap Value AlphaDEX Fund by 3.9% during the 3rd quarter. TrueWealth Advisors LLC now owns 4,339 shares of the company’s stock valued at $281,000 after buying an additional 164 shares in the last quarter. First Trust Advisors LP increased its stake in First Trust Large Cap Value AlphaDEX Fund by 0.9% during the 4th quarter. First Trust Advisors LP now owns 18,728 shares of the company’s stock valued at $1,327,000 after purchasing an additional 164 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 7.0% in the fourth quarter. Benjamin Edwards Inc. now owns 3,022 shares of the company’s stock worth $214,000 after buying an additional 198 shares during the last quarter. RFG Advisory LLC grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 2.4% during the third quarter. RFG Advisory LLC now owns 8,989 shares of the company’s stock valued at $582,000 after buying an additional 207 shares during the last quarter. Finally, Private Portfolio Partners LLC raised its stake in First Trust Large Cap Value AlphaDEX Fund by 2.8% in the 4th quarter. Private Portfolio Partners LLC now owns 8,251 shares of the company’s stock worth $585,000 after acquiring an additional 227 shares during the last quarter.

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.