First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Short Interest Up 134.3% in February

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 24,600 shares, an increase of 134.3% from the February 13th total of 10,500 shares. Based on an average daily volume of 48,200 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC raised its stake in First Trust Large Cap Value AlphaDEX Fund by 4.9% during the third quarter. Sanctuary Advisors LLC now owns 20,925 shares of the company’s stock worth $1,731,000 after purchasing an additional 985 shares during the period. MML Investors Services LLC lifted its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 3.9% during the 3rd quarter. MML Investors Services LLC now owns 11,495 shares of the company’s stock valued at $910,000 after acquiring an additional 433 shares in the last quarter. Orion Portfolio Solutions LLC boosted its position in First Trust Large Cap Value AlphaDEX Fund by 14.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 36,639 shares of the company’s stock worth $2,899,000 after purchasing an additional 4,552 shares during the period. Flow Traders U.S. LLC acquired a new stake in First Trust Large Cap Value AlphaDEX Fund in the 3rd quarter valued at $285,000. Finally, Benjamin Edwards Inc. raised its position in First Trust Large Cap Value AlphaDEX Fund by 1,116.7% in the third quarter. Benjamin Edwards Inc. now owns 38,132 shares of the company’s stock valued at $3,017,000 after purchasing an additional 34,998 shares during the period.

First Trust Large Cap Value AlphaDEX Fund Stock Down 0.1 %

Shares of FTA stock traded down $0.05 during mid-day trading on Thursday, hitting $74.81. 8,593 shares of the company’s stock were exchanged, compared to its average volume of 43,970. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 14.03 and a beta of 1.11. First Trust Large Cap Value AlphaDEX Fund has a fifty-two week low of $72.16 and a fifty-two week high of $83.93. The stock has a 50-day simple moving average of $77.91 and a two-hundred day simple moving average of $78.70.

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.