Short Interest in First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Increases By 115.1%

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 24,999 shares, a growth of 115.1% from the January 29th total of 11,621 shares. Based on an average daily volume of 43,872 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the shares of the stock are sold short. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 43,872 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On First Trust Large Cap Value AlphaDEX Fund

A number of hedge funds have recently modified their holdings of FTA. Vestmark Advisory Solutions Inc. increased its position in First Trust Large Cap Value AlphaDEX Fund by 78.9% during the second quarter. Vestmark Advisory Solutions Inc. now owns 202,848 shares of the company’s stock worth $15,950,000 after purchasing an additional 89,450 shares during the last quarter. LPL Financial LLC grew its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 8.4% in the 4th quarter. LPL Financial LLC now owns 1,001,829 shares of the company’s stock valued at $86,305,000 after buying an additional 77,963 shares during the period. NewEdge Advisors LLC increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 257.5% during the 4th quarter. NewEdge Advisors LLC now owns 99,385 shares of the company’s stock worth $8,562,000 after buying an additional 71,586 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 13.4% during the 2nd quarter. Bank of America Corp DE now owns 342,742 shares of the company’s stock worth $26,950,000 after buying an additional 40,412 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in First Trust Large Cap Value AlphaDEX Fund by 9.3% in the fourth quarter. Royal Bank of Canada now owns 297,555 shares of the company’s stock valued at $25,634,000 after acquiring an additional 25,195 shares during the last quarter.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

Shares of FTA stock traded down $0.25 during trading hours on Friday, reaching $94.36. The company had a trading volume of 1,912 shares, compared to its average volume of 41,583. First Trust Large Cap Value AlphaDEX Fund has a 12-month low of $66.01 and a 12-month high of $95.64. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 13.54 and a beta of 0.91. The stock has a fifty day moving average of $90.29 and a 200-day moving average of $85.77.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.5233 dividend. This is a boost from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, December 12th. This represents a $2.09 dividend on an annualized basis and a dividend yield of 2.2%.

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.