First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Short Interest Update

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the recipient of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 2,700 shares, a decline of 12.9% from the May 15th total of 3,100 shares. Based on an average daily volume of 39,800 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Large Cap Value AlphaDEX Fund Price Performance

Shares of FTA stock traded up $0.04 during mid-day trading on Tuesday, hitting $73.23. The stock had a trading volume of 40,086 shares, compared to its average volume of 50,181. The firm has a market capitalization of $1.16 billion, a P/E ratio of 14.55 and a beta of 1.11. First Trust Large Cap Value AlphaDEX Fund has a 12-month low of $61.47 and a 12-month high of $76.51. The firm’s 50-day moving average is $74.19 and its two-hundred day moving average is $72.49.

First Trust Large Cap Value AlphaDEX Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were given a $0.3091 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Thursday, March 21st.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTA. Benjamin Edwards Inc. raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 7.0% in the fourth quarter. Benjamin Edwards Inc. now owns 3,022 shares of the company’s stock worth $214,000 after buying an additional 198 shares during the last quarter. Private Portfolio Partners LLC lifted its position in First Trust Large Cap Value AlphaDEX Fund by 2.8% during the 4th quarter. Private Portfolio Partners LLC now owns 8,251 shares of the company’s stock worth $585,000 after acquiring an additional 227 shares during the period. Atria Wealth Solutions Inc. grew its stake in First Trust Large Cap Value AlphaDEX Fund by 0.4% during the 4th quarter. Atria Wealth Solutions Inc. now owns 53,135 shares of the company’s stock valued at $3,764,000 after purchasing an additional 236 shares during the last quarter. Great Valley Advisor Group Inc. increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 2.3% in the fourth quarter. Great Valley Advisor Group Inc. now owns 12,188 shares of the company’s stock valued at $863,000 after purchasing an additional 274 shares during the period. Finally, Tucker Asset Management LLC raised its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 30.4% in the third quarter. Tucker Asset Management LLC now owns 1,219 shares of the company’s stock worth $79,000 after purchasing an additional 284 shares during 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.