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 September. As of September 15th, there was short interest totaling 2,457 shares, a drop of 75.8% from the August 31st total of 10,158 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 27,794 shares, the days-to-cover ratio is presently 0.1 days.

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

Several hedge funds have recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 12.8% during the first quarter. Bank of America Corp DE now owns 391,307 shares of the company’s stock worth $36,137,000 after purchasing an additional 44,259 shares during the last quarter. Cetera Investment Advisers grew its holdings in First Trust Large Cap Value AlphaDEX Fund by 0.5% in the first quarter. Cetera Investment Advisers now owns 345,175 shares of the company’s stock valued at $31,877,000 after purchasing an additional 1,685 shares during the last quarter. Royal Bank of Canada increased its position in shares of First Trust Large Cap Value AlphaDEX Fund by 0.5% in the first quarter. Royal Bank of Canada now owns 298,949 shares of the company’s stock valued at $27,608,000 after buying an additional 1,394 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of First Trust Large Cap Value AlphaDEX Fund by 2.9% in the second quarter. NewEdge Advisors LLC now owns 160,678 shares of the company’s stock valued at $15,553,000 after buying an additional 4,496 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 11.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 72,129 shares of the company’s stock worth $6,661,000 after buying an additional 7,170 shares during the last quarter.

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.3%

Shares of NASDAQ FTA traded up $0.33 during midday trading on Friday, hitting $96.97. The company had a trading volume of 24,899 shares, compared to its average volume of 34,165. The firm has a market capitalization of $1.34 billion, a price-to-earnings 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. The business has a 50-day simple moving average of $101.59 and a two-hundred day simple moving average of $97.08.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th will be paid a dividend of $0.5259 per share. This is a positive change from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.3389. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $2.10 annualized dividend and a dividend yield of 2.2%.

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.