First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Short Interest Up 608.4% in June

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

First Trust Large Cap Value AlphaDEX Fund Stock Performance

Shares of FTA opened at $97.02 on Friday. First Trust Large Cap Value AlphaDEX Fund has a one year low of $77.66 and a one year high of $97.90. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 13.54 and a beta of 0.79. The stock has a 50 day moving average price of $94.90 and a 200 day moving average price of $92.16.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

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

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

A number of large investors have recently modified their holdings of FTA. Jones Financial Companies Lllp raised its position in shares of 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 buying an additional 2,180 shares during the last quarter. Baird Financial Group Inc. grew its stake in First Trust Large Cap Value AlphaDEX Fund by 211.6% during the 2nd 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 in the last quarter. Cresset Asset Management LLC purchased a new stake in First Trust Large Cap Value AlphaDEX Fund during the 2nd quarter valued at about $208,000. NewEdge Advisors LLC raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 2.3% in the 2nd 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 last quarter. Finally, Ameriprise Financial Inc. raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 12.7% in the 2nd 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 last quarter.

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.