First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Shares Shorted: Short Interest Down 75.8% in September

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 2,457 shares, a decrease of 75.8% from the August 31st total of 10,158 shares. Based on an average daily volume of 27,794 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

First Trust Large Cap Value AlphaDEX Fund Trading Down 0.6%

FTA stock traded down $0.59 during mid-day trading on Monday, hitting $96.37. The stock had a trading volume of 9,250 shares, compared to its average volume of 34,028. The firm has a fifty day simple moving average of $101.59 and a 200 day simple moving average of $97.11. The firm has a market capitalization of $1.33 billion, a P/E ratio of 13.54 and a beta of 0.79. First Trust Large Cap Value AlphaDEX Fund has a 52 week low of $81.12 and a 52 week high of $104.95.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 24th will be paid a $0.5259 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 2.2%. This is a positive change from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.3389. The ex-dividend date of this dividend is Thursday, September 24th.

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

A number of large investors have recently modified their holdings of FTA. Eastern Bank acquired a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the 2nd quarter worth $32,000. Main Street Group LTD acquired a new stake in First Trust Large Cap Value AlphaDEX Fund in the first quarter valued at about $33,000. NBH Bank acquired a new stake in First Trust Large Cap Value AlphaDEX Fund in the second quarter valued at about $144,000. Continuum Advisory LLC bought a new position in First Trust Large Cap Value AlphaDEX Fund in the second quarter valued at about $192,000. Finally, Hilton Head Capital Partners LLC bought a new position in First Trust Large Cap Value AlphaDEX Fund in the fourth quarter valued at about $186,000.

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.