Short Interest in First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Decreases By 37.0%

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 29,331 shares, a drop of 37.0% from the December 31st total of 46,584 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 55,487 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 55,487 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are sold short.

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

Institutional investors have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC boosted its holdings in shares of 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 worth $453,000 after buying an additional 320 shares during the period. Sanctuary Advisors LLC boosted its holdings in First Trust Large Cap Value AlphaDEX Fund by 2.2% during the fourth quarter. Sanctuary Advisors LLC now owns 19,067 shares of the company’s stock valued at $1,643,000 after acquiring an additional 417 shares during the period. Concurrent Investment Advisors LLC increased its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 3.6% in the fourth quarter. Concurrent Investment Advisors LLC now owns 9,298 shares of the company’s stock worth $801,000 after purchasing an additional 321 shares during the period. AE Wealth Management LLC increased its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 3.3% in the fourth quarter. AE Wealth Management LLC now owns 70,747 shares of the company’s stock worth $6,095,000 after purchasing an additional 2,260 shares during the period. Finally, Assetmark Inc. lifted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 2.0% during the 4th quarter. Assetmark Inc. now owns 141,002 shares of the company’s stock worth $12,147,000 after purchasing an additional 2,811 shares during the last quarter.

First Trust Large Cap Value AlphaDEX Fund Trading Up 0.4%

First Trust Large Cap Value AlphaDEX Fund stock traded up $0.37 during mid-day trading on Friday, hitting $90.21. 24,469 shares of the company’s stock were exchanged, compared to its average volume of 43,888. First Trust Large Cap Value AlphaDEX Fund has a 1-year low of $66.01 and a 1-year high of $90.31. The stock has a 50 day moving average of $87.21 and a two-hundred day moving average of $83.89. The stock has a market cap of $1.24 billion, a P/E ratio of 13.54 and a beta of 0.91.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.5233 dividend. This is an increase from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.40. The ex-dividend date was Friday, December 12th. This represents a $2.09 annualized dividend and a yield of 2.3%.

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.