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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 18,846 shares, a decrease of 24.6% from the February 12th total of 24,999 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 35,278 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 35,278 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

First Trust Large Cap Value AlphaDEX Fund Price Performance

NASDAQ FTA traded up $0.05 on Friday, reaching $91.20. 34,100 shares of the company’s stock traded hands, compared to its average volume of 40,931. First Trust Large Cap Value AlphaDEX Fund has a 12 month low of $66.01 and a 12 month high of $95.64. The stock has a 50-day simple moving average of $91.70 and a 200 day simple moving average of $86.67. The stock has a market cap of $1.25 billion, a PE ratio of 13.54 and a beta of 0.91.

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

Several institutional investors and hedge funds have recently made changes to their positions in the business. Moloney Securities Asset Management LLC grew its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 5.4% during the third quarter. Moloney Securities Asset Management LLC now owns 2,702 shares of the company’s stock valued at $225,000 after buying an additional 139 shares during the last quarter. REAP Financial Group LLC lifted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 5.6% in the 3rd quarter. REAP Financial Group LLC now owns 3,260 shares of the company’s stock valued at $272,000 after acquiring an additional 173 shares during the last quarter. Eukles Asset Management lifted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 2.2% in the 3rd quarter. Eukles Asset Management now owns 9,182 shares of the company’s stock valued at $765,000 after acquiring an additional 195 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in First Trust Large Cap Value AlphaDEX Fund during the 3rd quarter valued at about $25,000. Finally, RMR Capital Management LLC boosted its holdings in First Trust Large Cap Value AlphaDEX Fund by 8.7% during the 3rd quarter. RMR Capital Management LLC now owns 12,744 shares of the company’s stock valued at $1,062,000 after acquiring an additional 1,015 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.