First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Shares Shorted: Short Interest Up 963.9% in September

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 26,140 shares, a growth of 963.9% from the September 15th total of 2,457 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 30,778 shares, the short-interest ratio is currently 0.8 days.

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

A number of institutional investors have recently bought and sold shares of the business. Eastern Bank acquired a new position in First Trust Large Cap Value AlphaDEX Fund during the 2nd quarter worth about $32,000. Main Street Group LTD bought a new stake in First Trust Large Cap Value AlphaDEX Fund in the 1st quarter valued at approximately $33,000. NBH Bank acquired a new position in First Trust Large Cap Value AlphaDEX Fund during the second quarter worth $144,000. Continuum Advisory LLC acquired a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the 2nd quarter worth about $192,000. Finally, Tucker Asset Management LLC boosted its position in First Trust Large Cap Value AlphaDEX Fund by 16.5% during the second quarter. Tucker Asset Management LLC now owns 2,564 shares of the company’s stock valued at $248,000 after purchasing an additional 363 shares during the last quarter.

First Trust Large Cap Value AlphaDEX Fund Stock Down 0.4%

Shares of FTA stock opened at $97.46 on Friday. The stock has a 50-day simple moving average of $100.77 and a 200 day simple moving average of $97.42. The stock has a market capitalization of $1.35 billion, a P/E ratio of 13.54 and a beta of 0.80. First Trust Large Cap Value AlphaDEX Fund has a fifty-two week low of $81.12 and a fifty-two week high of $104.95.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

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