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) was the recipient of a significant growth in short interest in the month of 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. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 48,200 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On First Trust Large Cap Value AlphaDEX Fund

Hedge funds have recently added to or reduced their stakes in the company. Runnymede Capital Advisors Inc. acquired a new stake in First Trust Large Cap Value AlphaDEX Fund in the fourth quarter valued at approximately $27,000. Private Trust Co. NA boosted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 45.1% during the fourth quarter. Private Trust Co. NA now owns 624 shares of the company’s stock valued at $48,000 after buying an additional 194 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the fourth quarter valued at approximately $55,000. Golden State Wealth Management LLC purchased a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the fourth quarter valued at approximately $69,000. Finally, GAMMA Investing LLC boosted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 384.3% during the fourth quarter. GAMMA Investing LLC now owns 1,017 shares of the company’s stock valued at $78,000 after buying an additional 807 shares during the last quarter.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

First Trust Large Cap Value AlphaDEX Fund stock traded up $1.51 during mid-day trading on Friday, reaching $75.93. The stock had a trading volume of 21,364 shares, compared to its average volume of 44,412. 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’s 50-day simple moving average is $77.87 and its 200-day simple moving average is $78.68. The firm has a market capitalization of $1.15 billion, a PE ratio of 14.03 and a beta of 1.11.

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.