First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Short Interest Up 86.6% in April

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 21,374 shares, a growth of 86.6% from the April 15th total of 11,457 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 30,259 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On First Trust Large Cap Value AlphaDEX Fund

A number of hedge funds have recently bought and sold shares of FTA. Jones Financial Companies Lllp boosted its stake in First Trust Large Cap Value AlphaDEX Fund by 46.3% in the first quarter. Jones Financial Companies Lllp now owns 6,893 shares of the company’s stock valued at $529,000 after acquiring an additional 2,180 shares during the period. Baird Financial Group Inc. boosted its stake in First Trust Large Cap Value AlphaDEX Fund by 211.6% in the second quarter. Baird Financial Group Inc. now owns 31,020 shares of the company’s stock valued at $2,439,000 after acquiring an additional 21,066 shares during the period. Cresset Asset Management LLC acquired a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the second quarter valued at $208,000. NewEdge Advisors LLC boosted its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 2.3% during the second quarter. NewEdge Advisors LLC now owns 25,983 shares of the company’s stock valued at $2,043,000 after acquiring an additional 583 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 12.7% during the second quarter. Ameriprise Financial Inc. now owns 3,451 shares of the company’s stock valued at $271,000 after acquiring an additional 389 shares during the period.

First Trust Large Cap Value AlphaDEX Fund Trading Up 0.9%

NASDAQ:FTA traded up $0.82 during trading hours on Monday, hitting $92.89. The stock had a trading volume of 10,715 shares, compared to its average volume of 39,786. First Trust Large Cap Value AlphaDEX Fund has a 1-year low of $74.35 and a 1-year high of $96.27. The business has a 50 day simple moving average of $92.97 and a two-hundred day simple moving average of $89.76. The company has a market cap of $1.27 billion, a PE ratio of 13.54 and a beta of 0.81.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.3622 per share. This represents a $1.45 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was 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.