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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 24,600 shares, a growth of 134.3% from the February 13th total of 10,500 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 48,200 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC grew its holdings in First Trust Large Cap Value AlphaDEX Fund by 4.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 20,925 shares of the company’s stock valued at $1,731,000 after buying an additional 985 shares during the last quarter. MML Investors Services LLC boosted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 3.9% during the third 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 during the last quarter. Orion Portfolio Solutions LLC increased 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 in the last quarter. Flow Traders U.S. LLC purchased a new position in First Trust Large Cap Value AlphaDEX Fund in the 3rd quarter valued at about $285,000. Finally, Benjamin Edwards Inc. boosted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 1,116.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 38,132 shares of the company’s stock worth $3,017,000 after purchasing an additional 34,998 shares during the last quarter.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

NASDAQ FTA traded down $0.05 during trading hours on Thursday, reaching $74.81. The company’s stock had a trading volume of 8,593 shares, compared to its average volume of 43,970. The stock has a market cap of $1.13 billion, a PE ratio of 14.03 and a beta of 1.11. The company’s 50-day moving average is $77.91 and its two-hundred day moving average is $78.70. 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.

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.