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 significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 10,158 shares, a growth of 172.0% from the August 15th total of 3,735 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 18,780 shares, the days-to-cover ratio is presently 0.5 days.

First Trust Large Cap Value AlphaDEX Fund Price Performance

Shares of FTA stock opened at $101.46 on Tuesday. The company’s fifty day moving average price is $101.54 and its two-hundred day moving average price is $96.81. The firm has a market capitalization of $1.41 billion, a P/E ratio of 13.54 and a beta of 0.79. First Trust Large Cap Value AlphaDEX Fund has a 12 month low of $81.12 and a 12 month high of $104.95.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.3389 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.36 dividend on an annualized basis and a yield of 1.3%.

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

Several hedge funds and other institutional investors have recently bought and sold shares of FTA. Eastern Bank acquired a new position in First Trust Large Cap Value AlphaDEX Fund in the second quarter worth $32,000. Main Street Group LTD acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the first quarter worth $33,000. Cullen Frost Bankers Inc. raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 51.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 455 shares of the company’s stock worth $39,000 after purchasing an additional 154 shares during the period. Smithfield Trust Co lifted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 20.0% in the 4th quarter. Smithfield Trust Co now owns 720 shares of the company’s stock worth $62,000 after buying an additional 120 shares during the last quarter. Finally, NBH Bank acquired a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the 2nd quarter valued at about $144,000.

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.