Short Interest in First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Rises By 248.7%

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 65,708 shares, a growth of 248.7% from the February 26th total of 18,846 shares. Based on an average trading volume of 35,687 shares, the short-interest ratio is currently 1.8 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the 3rd quarter valued at about $25,000. Clear Investment Research LLC purchased a new position in First Trust Large Cap Value AlphaDEX Fund during the 3rd quarter worth approximately $44,000. CX Institutional acquired a new position in First Trust Large Cap Value AlphaDEX Fund during the third quarter worth approximately $48,000. Smartleaf Asset Management LLC lifted its stake in First Trust Large Cap Value AlphaDEX Fund by 282.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 562 shares of the company’s stock valued at $49,000 after buying an additional 415 shares during the last quarter. Finally, Private Trust Co. NA lifted its stake in First Trust Large Cap Value AlphaDEX Fund by 42.6% in the third quarter. Private Trust Co. NA now owns 613 shares of the company’s stock valued at $51,000 after buying an additional 183 shares during the last quarter.

First Trust Large Cap Value AlphaDEX Fund Price Performance

Shares of NASDAQ:FTA traded down $0.23 during trading on Thursday, hitting $92.12. 23,252 shares of the company were exchanged, compared to its average volume of 40,371. The firm’s 50 day moving average price is $92.20 and its 200-day moving average price is $87.15. The stock has a market capitalization of $1.26 billion, a P/E ratio of 13.54 and a beta of 0.91. First Trust Large Cap Value AlphaDEX Fund has a 12-month low of $66.01 and a 12-month high of $95.64.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th will be paid a $0.3622 dividend. This represents a $1.45 annualized dividend and a yield of 1.6%. The ex-dividend date is Thursday, March 26th.

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.