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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 2,457 shares, a decline of 75.8% from the August 31st total of 10,158 shares. Based on an average trading volume of 27,794 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FTA. Bank of New York Mellon Corp lifted its holdings in First Trust Large Cap Value AlphaDEX Fund by 5.4% in the 1st quarter. Bank of New York Mellon Corp now owns 42,322 shares of the company’s stock valued at $3,908,000 after purchasing an additional 2,170 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 57.1% in the 1st quarter. NewEdge Advisors LLC now owns 156,182 shares of the company’s stock valued at $14,423,000 after buying an additional 56,797 shares during the period. First Heartland Consultants Inc. purchased a new position in First Trust Large Cap Value AlphaDEX Fund in the second quarter worth approximately $249,000. Bank of America Corp DE raised its position in First Trust Large Cap Value AlphaDEX Fund by 12.8% in the first quarter. Bank of America Corp DE now owns 391,307 shares of the company’s stock valued at $36,137,000 after purchasing an additional 44,259 shares during the period. Finally, Continuum Advisory LLC purchased a new stake in First Trust Large Cap Value AlphaDEX Fund in the second quarter valued at $192,000.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

Shares of NASDAQ FTA traded up $0.33 during mid-day trading on Friday, hitting $96.97. The stock had a trading volume of 24,899 shares, compared to its average volume of 34,165. The company has a 50 day moving average of $101.59 and a two-hundred day moving average of $97.08. The firm 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 twelve month low of $81.12 and a twelve month high of $104.95.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be given a $0.5259 dividend. The ex-dividend date is Thursday, September 24th. This represents a $2.10 annualized dividend and a yield of 2.2%. This is a boost from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.3389.

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.