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 large drop in short interest in the month of June. As of June 30th, there was short interest totaling 1,048 shares, a drop of 94.7% from the June 15th total of 19,723 shares. Based on an average daily trading volume, of 40,398 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Prospera Financial Services Inc increased its position in shares of First Trust Large Cap Value AlphaDEX Fund by 2.8% during the fourth quarter. Prospera Financial Services Inc now owns 42,168 shares of the company’s stock valued at $3,633,000 after buying an additional 1,136 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in First Trust Large Cap Value AlphaDEX Fund by 3.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 7,732 shares of the company’s stock worth $666,000 after buying an additional 265 shares during the period. IFP Advisors Inc lifted its holdings in First Trust Large Cap Value AlphaDEX Fund by 4.2% in the fourth quarter. IFP Advisors Inc now owns 42,400 shares of the company’s stock worth $3,653,000 after buying an additional 1,692 shares during the period. Sequoia Financial Advisors LLC bought a new stake in First Trust Large Cap Value AlphaDEX Fund during the 4th quarter valued at approximately $203,000. Finally, Western Wealth Management LLC raised its position in shares of First Trust Large Cap Value AlphaDEX Fund by 3.3% in the 4th quarter. Western Wealth Management LLC now owns 15,148 shares of the company’s stock worth $1,305,000 after acquiring an additional 482 shares in the last quarter.

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.6%

Shares of FTA traded up $0.56 during mid-day trading on Friday, hitting $98.08. 17,230 shares of the company’s stock traded hands, compared to its average volume of 36,775. First Trust Large Cap Value AlphaDEX Fund has a 1 year low of $77.66 and a 1 year high of $99.32. The firm has a market capitalization of $1.34 billion, a P/E ratio of 13.54 and a beta of 0.79. The business’s 50-day moving average price is $95.61 and its 200-day moving average price is $93.06.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.3389 dividend. The ex-dividend date was 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.