First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Short Interest Update

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,784 shares, a decline of 86.9% from the May 14th total of 21,299 shares. Based on an average daily volume of 20,785 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

FTA stock traded down $0.68 during trading on Wednesday, hitting $95.86. The stock had a trading volume of 14,938 shares, compared to its average volume of 36,894. The company’s 50 day moving average price is $94.08 and its two-hundred day moving average price is $91.21. First Trust Large Cap Value AlphaDEX Fund has a 1-year low of $76.92 and a 1-year high of $96.65. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 13.54 and a beta of 0.79.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.3622 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.45 annualized dividend and a yield of 1.5%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FTA. Parallel Advisors LLC grew its holdings in First Trust Large Cap Value AlphaDEX Fund by 558.1% in the 1st quarter. Parallel Advisors LLC now owns 14,879 shares of the company’s stock valued at $1,374,000 after buying an additional 12,618 shares during the period. NewEdge Advisors LLC grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 57.1% during the 1st quarter. NewEdge Advisors LLC now owns 156,182 shares of the company’s stock worth $14,423,000 after purchasing an additional 56,797 shares during the period. Bank of America Corp DE grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 12.8% during the 1st 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 period. Arkadios Wealth Advisors grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 8.8% during the 1st quarter. Arkadios Wealth Advisors now owns 14,562 shares of the company’s stock worth $1,345,000 after purchasing an additional 1,180 shares during the period. Finally, IFS Group LLC purchased a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the 1st quarter worth about $576,000.

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.