First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Short Interest Update

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 19,723 shares, an increase of 608.4% from the May 31st total of 2,784 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 18,216 shares, the short-interest ratio is currently 1.1 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Smithfield Trust Co grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 20.0% during the fourth quarter. Smithfield Trust Co now owns 720 shares of the company’s stock valued at $62,000 after buying an additional 120 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in shares of First Trust Large Cap Value AlphaDEX Fund by 51.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 455 shares of the company’s stock worth $39,000 after acquiring an additional 154 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 0.8% in the 2nd quarter. MML Investors Services LLC now owns 23,804 shares of the company’s stock worth $1,872,000 after acquiring an additional 185 shares during the last quarter. Principal Securities Inc. raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 4.9% in the 4th quarter. Principal Securities Inc. now owns 4,258 shares of the company’s stock worth $367,000 after acquiring an additional 200 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its position in First Trust Large Cap Value AlphaDEX Fund by 1.1% in the 1st quarter. Sanctuary Advisors LLC now owns 19,279 shares of the company’s stock valued at $1,780,000 after acquiring an additional 212 shares in the last quarter.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

Shares of NASDAQ FTA traded up $0.88 during midday trading on Friday, hitting $97.90. 15,852 shares of the stock traded hands, compared to its average volume of 35,503. The company has a market cap of $1.34 billion, a PE ratio of 13.54 and a beta of 0.79. First Trust Large Cap Value AlphaDEX Fund has a one year low of $77.66 and a one year high of $97.90. The business has a 50 day moving average price of $94.98 and a two-hundred day moving average price of $92.20.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be given a $0.3389 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $1.36 annualized dividend and a yield of 1.4%.

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.