First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Short Interest Up 103.7% in June

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 5,500 shares, a growth of 103.7% from the May 31st total of 2,700 shares. Based on an average trading volume of 39,000 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Moisand Fitzgerald Tamayo LLC bought a new stake in First Trust Large Cap Value AlphaDEX Fund in the fourth quarter worth $32,000. Pinnacle Bancorp Inc. bought a new stake in First Trust Large Cap Value AlphaDEX Fund in the first quarter worth about $74,000. Tucker Asset Management LLC lifted its stake in First Trust Large Cap Value AlphaDEX Fund by 30.4% in the third quarter. Tucker Asset Management LLC now owns 1,219 shares of the company’s stock worth $79,000 after purchasing an additional 284 shares during the last quarter. Blue Trust Inc. bought a new stake in First Trust Large Cap Value AlphaDEX Fund in the fourth quarter worth about $110,000. Finally, Simplicity Wealth LLC bought a new stake in First Trust Large Cap Value AlphaDEX Fund in the first quarter worth about $200,000.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

NASDAQ FTA opened at $73.60 on Friday. The company has a market capitalization of $1.17 billion, a P/E ratio of 14.55 and a beta of 1.11. First Trust Large Cap Value AlphaDEX Fund has a one year low of $61.47 and a one year high of $76.51. The stock has a 50 day moving average price of $74.19 and a 200-day moving average price of $72.80.

First Trust Large Cap Value AlphaDEX Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a $0.3297 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Thursday, June 27th.

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.