Short Interest in First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Increases By 42.9%

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 38,461 shares, an increase of 42.9% from the November 30th total of 26,918 shares. Based on an average daily volume of 27,220 shares, the short-interest ratio is presently 1.4 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average daily volume of 27,220 shares, the short-interest ratio is presently 1.4 days.

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

Hedge funds have recently bought and sold shares of the business. Bank of America Corp DE grew its stake in First Trust Large Cap Value AlphaDEX Fund by 1.0% during the 3rd quarter. Bank of America Corp DE now owns 346,204 shares of the company’s stock valued at $28,848,000 after acquiring an additional 3,462 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 2.3% during the 3rd quarter. Raymond James Financial Inc. now owns 291,928 shares of the company’s stock worth $24,325,000 after purchasing an additional 6,610 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its position in shares of First Trust Large Cap Value AlphaDEX Fund by 78.9% in the second quarter. Vestmark Advisory Solutions Inc. now owns 202,848 shares of the company’s stock valued at $15,950,000 after purchasing an additional 89,450 shares in the last quarter. Integrated Wealth Concepts LLC grew its position in shares of First Trust Large Cap Value AlphaDEX Fund by 0.5% in the first quarter. Integrated Wealth Concepts LLC now owns 201,320 shares of the company’s stock valued at $15,445,000 after purchasing an additional 1,031 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 0.7% in the third quarter. Commonwealth Equity Services LLC now owns 154,141 shares of the company’s stock valued at $12,844,000 after purchasing an additional 1,000 shares during the last quarter.

First Trust Large Cap Value AlphaDEX Fund Stock Down 0.1%

Shares of NASDAQ:FTA traded down $0.10 during trading on Monday, hitting $86.70. 15,821 shares of the stock traded hands, compared to its average volume of 36,112. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 13.54 and a beta of 0.91. The company has a fifty day moving average price of $84.49 and a two-hundred day moving average price of $82.28. First Trust Large Cap Value AlphaDEX Fund has a 52-week low of $66.01 and a 52-week high of $87.47.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be given a dividend of $0.5233 per share. This is a boost from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, December 12th. This represents a $2.09 dividend on an annualized basis and a dividend yield of 2.4%.

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.