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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 46,885 shares, a growth of 4,373.8% from the June 30th total of 1,048 shares. Based on an average daily volume of 39,253 shares, the short-interest ratio is currently 1.2 days. Approximately 0.3% of the company’s shares are short sold.

First Trust Large Cap Value AlphaDEX Fund Stock Up 1.6%

NASDAQ:FTA opened at $100.40 on Friday. The firm has a market capitalization of $1.38 billion, a P/E ratio of 13.54 and a beta of 0.79. The company has a fifty day moving average of $96.73 and a 200 day moving average of $93.89. First Trust Large Cap Value AlphaDEX Fund has a 52 week low of $77.66 and a 52 week high of $101.15.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.3389 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.36 annualized dividend and a dividend yield of 1.4%.

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

Several institutional investors and hedge funds have recently bought and sold shares of FTA. Western Wealth Management LLC increased its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 3.3% during the fourth quarter. Western Wealth Management LLC now owns 15,148 shares of the company’s stock valued at $1,305,000 after buying an additional 482 shares during the period. Sequoia Financial Advisors LLC purchased a new stake in First Trust Large Cap Value AlphaDEX Fund in the fourth quarter worth $203,000. Sun Financial Inc bought a new stake in First Trust Large Cap Value AlphaDEX Fund in the fourth quarter valued at $1,031,000. Benjamin Edwards Inc. boosted its holdings in First Trust Large Cap Value AlphaDEX Fund by 12.3% in the fourth quarter. Benjamin Edwards Inc. now owns 94,302 shares of the company’s stock valued at $8,127,000 after acquiring an additional 10,366 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its position in First Trust Large Cap Value AlphaDEX Fund by 6.5% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 5,261 shares of the company’s stock valued at $453,000 after purchasing an additional 320 shares during the period.

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.