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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 21,374 shares, an increase of 86.6% from the April 15th total of 11,457 shares. Based on an average daily volume of 30,259 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the shares of the stock are sold short.

First Trust Large Cap Value AlphaDEX Fund Price Performance

Shares of NASDAQ:FTA traded down $0.86 during midday trading on Friday, hitting $92.07. The company had a trading volume of 16,257 shares, compared to its average volume of 40,114. First Trust Large Cap Value AlphaDEX Fund has a twelve month low of $74.35 and a twelve month high of $96.27. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 13.54 and a beta of 0.81. The business’s 50-day simple moving average is $92.97 and its 200-day simple moving average is $89.72.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.3622 dividend. This represents a $1.45 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, March 26th.

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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the third quarter valued at approximately $25,000. Main Street Group LTD acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the first quarter valued at approximately $33,000. Clear Investment Research LLC acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the third quarter valued at approximately $44,000. Smartleaf Asset Management LLC increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 282.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 562 shares of the company’s stock valued at $49,000 after purchasing an additional 415 shares during the last quarter. Finally, Smithfield Trust Co increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 20.0% in the fourth quarter. Smithfield Trust Co now owns 720 shares of the company’s stock valued at $62,000 after purchasing an additional 120 shares during the last quarter.

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.