First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Short Interest Up 42.9% in December

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 38,461 shares, a growth of 42.9% from the November 30th total of 26,918 shares. Based on an average daily volume of 27,220 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 27,220 shares, the days-to-cover ratio is currently 1.4 days.

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.1%

NASDAQ:FTA traded up $0.07 during midday trading on Tuesday, reaching $86.77. The stock had a trading volume of 51,557 shares, compared to its average volume of 36,174. The stock has a market cap of $1.19 billion, a P/E ratio of 13.54 and a beta of 0.91. First Trust Large Cap Value AlphaDEX Fund has a 12-month low of $66.01 and a 12-month high of $87.47. The firm has a fifty day simple moving average of $84.63 and a two-hundred day simple moving average of $82.41.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be given a $0.5233 dividend. The ex-dividend date is Friday, December 12th. This is an increase from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.40. This represents a $2.09 dividend on an annualized basis and a yield of 2.4%.

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

Large investors have recently modified their holdings of the business. US Bancorp DE increased its stake in First Trust Large Cap Value AlphaDEX Fund by 368.1% in the 2nd quarter. US Bancorp DE now owns 8,819 shares of the company’s stock valued at $693,000 after purchasing an additional 6,935 shares in the last quarter. Empirical Asset Management LLC acquired a new stake in First Trust Large Cap Value AlphaDEX Fund in the second quarter valued at $201,000. Harbour Investments Inc. increased its position in shares of First Trust Large Cap Value AlphaDEX Fund by 6.0% in the second quarter. Harbour Investments Inc. now owns 39,709 shares of the company’s stock valued at $3,122,000 after buying an additional 2,244 shares in the last quarter. Triton Wealth Management PLLC acquired a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the 2nd quarter worth $1,914,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the 2nd quarter worth about $230,000.

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.