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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 2,784 shares, a decline of 86.9% from the May 14th total of 21,299 shares. Based on an average daily volume of 20,785 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

First Trust Large Cap Value AlphaDEX Fund Price Performance

FTA traded up $0.96 during trading hours on Thursday, reaching $96.62. 13,925 shares of the stock traded hands, compared to its average volume of 36,760. The firm’s fifty day simple moving average is $94.25 and its two-hundred day simple moving average is $91.40. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 13.54 and a beta of 0.79. First Trust Large Cap Value AlphaDEX Fund has a fifty-two week low of $76.92 and a fifty-two week high of $96.87.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.3622 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.45 dividend on an annualized basis and a dividend yield of 1.5%.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 46.3% during the first quarter. Jones Financial Companies Lllp now owns 6,893 shares of the company’s stock worth $529,000 after purchasing an additional 2,180 shares during the period. Baird Financial Group Inc. lifted its stake in First Trust Large Cap Value AlphaDEX Fund by 211.6% in the second quarter. Baird Financial Group Inc. now owns 31,020 shares of the company’s stock valued at $2,439,000 after buying an additional 21,066 shares during the last quarter. Cresset Asset Management LLC bought a new stake in First Trust Large Cap Value AlphaDEX Fund in the second quarter valued at $208,000. NewEdge Advisors LLC lifted its stake in First Trust Large Cap Value AlphaDEX Fund by 2.3% in the second quarter. NewEdge Advisors LLC now owns 25,983 shares of the company’s stock valued at $2,043,000 after buying an additional 583 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in First Trust Large Cap Value AlphaDEX Fund by 12.7% in the second quarter. Ameriprise Financial Inc. now owns 3,451 shares of the company’s stock valued at $271,000 after buying an additional 389 shares during the last quarter.

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.