First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Significant Decline in Short Interest

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 14,100 shares, a decrease of 42.7% from the February 28th total of 24,600 shares. Based on an average daily volume of 49,200 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Pine Valley Investments Ltd Liability Co boosted its holdings in First Trust Large Cap Value AlphaDEX Fund by 1.9% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 8,410 shares of the company’s stock valued at $666,000 after purchasing an additional 158 shares during the last quarter. LVZ Inc. lifted its holdings in First Trust Large Cap Value AlphaDEX Fund by 0.5% in the fourth quarter. LVZ Inc. now owns 36,153 shares of the company’s stock valued at $2,764,000 after acquiring an additional 165 shares during the last quarter. Private Trust Co. NA grew its position in First Trust Large Cap Value AlphaDEX Fund by 45.1% in the fourth quarter. Private Trust Co. NA now owns 624 shares of the company’s stock worth $48,000 after acquiring an additional 194 shares during the period. PNC Financial Services Group Inc. increased its stake in First Trust Large Cap Value AlphaDEX Fund by 2.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 9,975 shares of the company’s stock worth $763,000 after acquiring an additional 200 shares during the last quarter. Finally, D.A. Davidson & CO. raised its position in First Trust Large Cap Value AlphaDEX Fund by 0.6% in the fourth quarter. D.A. Davidson & CO. now owns 36,706 shares of the company’s stock valued at $2,807,000 after purchasing an additional 201 shares during the period.

First Trust Large Cap Value AlphaDEX Fund Price Performance

Shares of NASDAQ:FTA traded down $0.85 during midday trading on Friday, hitting $75.98. The company had a trading volume of 31,163 shares, compared to its average volume of 43,191. The business’s 50-day simple moving average is $77.72 and its 200-day simple moving average is $78.61. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 14.62 and a beta of 1.11. First Trust Large Cap Value AlphaDEX Fund has a twelve month low of $72.16 and a twelve month high of $83.93.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.3953 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.58 annualized dividend and a dividend yield of 2.08%.

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.