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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 25,300 shares, a growth of 336.2% from the October 31st total of 5,800 shares. Based on an average daily trading volume, of 39,800 shares, the days-to-cover ratio is presently 0.6 days.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. ICA Group Wealth Management LLC increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 70.0% in the second quarter. ICA Group Wealth Management LLC now owns 425 shares of the company’s stock valued at $31,000 after purchasing an additional 175 shares during the period. Hilltop National Bank acquired a new position in First Trust Large Cap Value AlphaDEX Fund in the 2nd quarter worth approximately $76,000. GPS Wealth Strategies Group LLC raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 145.7% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,113 shares of the company’s stock worth $82,000 after purchasing an additional 660 shares during the last quarter. Continuum Advisory LLC lifted its position in First Trust Large Cap Value AlphaDEX Fund by 38.4% during the second quarter. Continuum Advisory LLC now owns 1,193 shares of the company’s stock valued at $88,000 after purchasing an additional 331 shares during the period. Finally, SeaCrest Wealth Management LLC acquired a new position in First Trust Large Cap Value AlphaDEX Fund during the third quarter valued at $201,000.

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.4 %

Shares of NASDAQ FTA traded up $0.30 during mid-day trading on Friday, reaching $83.49. 10,845 shares of the company were exchanged, compared to its average volume of 44,706. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 14.55 and a beta of 1.11. First Trust Large Cap Value AlphaDEX Fund has a 1 year low of $66.76 and a 1 year high of $83.93. The firm has a 50-day moving average of $79.89 and a 200 day moving average of $76.97.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.453 dividend. The ex-dividend date was Thursday, September 26th. This is a boost from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.33. This represents a $1.81 dividend on an annualized basis and a yield of 2.17%.

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.