First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Significant Growth in Short Interest

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the target of a large growth in short interest in June. As of June 15th, there was short interest totalling 5,500 shares, a growth of 103.7% from the May 31st total of 2,700 shares. Based on an average daily trading volume, of 39,000 shares, the short-interest ratio is presently 0.1 days.

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.6 %

Shares of NASDAQ:FTA opened at $73.60 on Friday. The stock’s 50 day moving average is $74.19 and its 200-day moving average is $72.80. First Trust Large Cap Value AlphaDEX Fund has a twelve month low of $61.47 and a twelve month high of $76.51. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 14.55 and a beta of 1.11.

First Trust Large Cap Value AlphaDEX Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a dividend of $0.3297 per share. This represents a $1.32 annualized dividend and a dividend yield of 1.79%. The ex-dividend date was Thursday, June 27th.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. American Institute for Advanced Investment Management LLP increased its stake in First Trust Large Cap Value AlphaDEX Fund by 16.5% in the 4th quarter. American Institute for Advanced Investment Management LLP now owns 8,995 shares of the company’s stock valued at $637,000 after buying an additional 1,275 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of First Trust Large Cap Value AlphaDEX Fund by 37.9% during the 4th quarter. Global Retirement Partners LLC now owns 12,070 shares of the company’s stock valued at $841,000 after purchasing an additional 3,316 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the 4th quarter worth $735,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in First Trust Large Cap Value AlphaDEX Fund during the fourth quarter worth about $32,000. Finally, Trueblood Wealth Management LLC bought a new stake in First Trust Large Cap Value AlphaDEX Fund in the fourth quarter worth about $1,583,000.

First Trust Large Cap Value AlphaDEX Fund Company Profile

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.