Short Interest in First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Decreases By 62.2%

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the recipient of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 17,711 shares, a decrease of 62.2% from the July 15th total of 46,885 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 28,168 shares, the days-to-cover ratio is presently 0.6 days.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Smithfield Trust Co grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 20.0% during the fourth quarter. Smithfield Trust Co now owns 720 shares of the company’s stock worth $62,000 after purchasing an additional 120 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 51.2% in the 4th quarter. Cullen Frost Bankers Inc. now owns 455 shares of the company’s stock valued at $39,000 after purchasing an additional 154 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 0.8% in the 2nd quarter. MML Investors Services LLC now owns 23,804 shares of the company’s stock valued at $1,872,000 after purchasing an additional 185 shares during the last quarter. Principal Securities Inc. boosted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 4.9% in the 4th quarter. Principal Securities Inc. now owns 4,258 shares of the company’s stock valued at $367,000 after purchasing an additional 200 shares during the period. Finally, Sanctuary Advisors LLC boosted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 1.1% in the 1st quarter. Sanctuary Advisors LLC now owns 19,279 shares of the company’s stock valued at $1,780,000 after purchasing an additional 212 shares during the period.

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.3%

First Trust Large Cap Value AlphaDEX Fund stock traded up $0.32 during mid-day trading on Friday, hitting $104.22. The company had a trading volume of 17,307 shares, compared to its average volume of 35,801. First Trust Large Cap Value AlphaDEX Fund has a 1 year low of $81.08 and a 1 year high of $104.25. The business has a fifty day moving average of $98.95 and a 200 day moving average of $95.31. The stock has a market cap of $1.43 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 business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.3389 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.36 annualized dividend and a dividend yield of 1.3%.

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.