First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Large Increase in Short Interest

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 46,584 shares, an increase of 21.1% from the December 15th total of 38,461 shares. Based on an average daily volume of 29,229 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 29,229 shares, the days-to-cover ratio is currently 1.6 days.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

Shares of NASDAQ FTA traded down $0.40 during mid-day trading on Monday, reaching $88.90. 19,635 shares of the company traded hands, compared to its average volume of 52,312. The company’s fifty day moving average is $85.96 and its two-hundred day moving average is $83.31. First Trust Large Cap Value AlphaDEX Fund has a fifty-two week low of $66.01 and a fifty-two week high of $89.54. The stock has a market cap of $1.22 billion, a PE ratio of 13.54 and a beta of 0.91.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a dividend of $0.5233 per share. The ex-dividend date of this dividend was Friday, December 12th. This is a boost from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.40. This represents a $2.09 dividend on an annualized basis and a dividend yield of 2.4%.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in the company. Empirical Asset Management LLC bought a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the second quarter worth about $201,000. Triton Wealth Management PLLC acquired a new position in First Trust Large Cap Value AlphaDEX Fund during the 2nd quarter worth $1,914,000. Harbour Investments Inc. boosted its position in First Trust Large Cap Value AlphaDEX Fund by 6.0% in the 2nd quarter. Harbour Investments Inc. now owns 39,709 shares of the company’s stock valued at $3,122,000 after buying an additional 2,244 shares during the last quarter. CWM LLC raised its position in shares of First Trust Large Cap Value AlphaDEX Fund by 27.2% during the second quarter. CWM LLC now owns 1,492 shares of the company’s stock worth $117,000 after acquiring an additional 319 shares during the last quarter. Finally, Apollon Wealth Management LLC lifted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 4.0% during the second quarter. Apollon Wealth Management LLC now owns 4,549 shares of the company’s stock valued at $358,000 after acquiring an additional 176 shares during the period.

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.