Short Interest in First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Increases By 336.2%

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw a large growth in short interest in the month of 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 trading volume of 39,800 shares, the days-to-cover ratio is currently 0.6 days.

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.1 %

Shares of FTA stock traded up $0.10 during mid-day trading on Thursday, reaching $83.19. The stock had a trading volume of 25,351 shares, compared to its average volume of 44,854. The firm’s 50 day simple moving average is $79.81 and its 200 day simple moving average is $76.93. First Trust Large Cap Value AlphaDEX Fund has a one year low of $66.25 and a one year high of $83.93. The firm has a market cap of $1.29 billion, a PE ratio of 14.55 and a beta of 1.11.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.453 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.81 dividend on an annualized basis and a dividend yield of 2.18%. This is an increase from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.33.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 7,813.5% in the 3rd quarter. International Assets Investment Management LLC now owns 264,785 shares of the company’s stock worth $20,952,000 after buying an additional 261,439 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 145.7% in the 1st quarter. Cetera Investment Advisers now owns 297,979 shares of the company’s stock worth $22,760,000 after buying an additional 176,714 shares in the last quarter. Kaydan Wealth Management Inc. raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 31.9% in the 2nd quarter. Kaydan Wealth Management Inc. now owns 379,160 shares of the company’s stock worth $27,906,000 after buying an additional 91,805 shares in the last quarter. Cetera Advisors LLC raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 122.1% in the 1st quarter. Cetera Advisors LLC now owns 83,499 shares of the company’s stock worth $6,378,000 after buying an additional 45,908 shares in the last quarter. Finally, Benjamin Edwards Inc. raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 1,116.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 38,132 shares of the company’s stock worth $3,017,000 after buying an additional 34,998 shares in the last quarter.

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.