First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Short Interest Up 172.0% in August

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 10,158 shares, a growth of 172.0% from the August 15th total of 3,735 shares. Based on an average daily volume of 18,780 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are sold short.

First Trust Large Cap Value AlphaDEX Fund Trading Up 0.7%

FTA opened at $101.20 on Friday. The stock has a market cap of $1.39 billion, a PE ratio of 13.54 and a beta of 0.79. First Trust Large Cap Value AlphaDEX Fund has a 1 year low of $81.12 and a 1 year high of $104.95. The stock’s 50 day simple moving average is $101.47 and its 200-day simple moving average is $96.74.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.3389 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.36 dividend on an annualized basis and a yield of 1.3%.

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 business. LPL Financial LLC increased its position in shares of First Trust Large Cap Value AlphaDEX Fund by 8.4% during the 4th quarter. LPL Financial LLC now owns 1,001,829 shares of the company’s stock worth $86,305,000 after purchasing an additional 77,963 shares in the last quarter. NewEdge Advisors LLC boosted its position in First Trust Large Cap Value AlphaDEX Fund by 257.5% in the fourth quarter. NewEdge Advisors LLC now owns 99,385 shares of the company’s stock valued at $8,562,000 after buying an additional 71,586 shares in the last quarter. Bank of America Corp DE grew its stake in First Trust Large Cap Value AlphaDEX Fund by 12.8% during the first quarter. Bank of America Corp DE now owns 391,307 shares of the company’s stock worth $36,137,000 after buying an additional 44,259 shares during the last quarter. Gateway Wealth Partners LLC increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 104.5% during the first quarter. Gateway Wealth Partners LLC now owns 69,377 shares of the company’s stock worth $6,407,000 after buying an additional 35,449 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 9.3% during the fourth quarter. Royal Bank of Canada now owns 297,555 shares of the company’s stock worth $25,634,000 after buying an additional 25,195 shares in the last quarter.

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.