Short Interest in First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Grows By 103.7%

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 5,500 shares, an increase of 103.7% from the May 31st total of 2,700 shares. Based on an average daily volume of 39,000 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Institutional investors have recently made changes to their positions in the company. Cetera Advisors LLC boosted its position in First Trust Large Cap Value AlphaDEX Fund by 122.1% during the first quarter. Cetera Advisors LLC now owns 83,499 shares of the company’s stock worth $6,378,000 after acquiring an additional 45,908 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 145.7% during the 1st quarter. Cetera Investment Advisers now owns 297,979 shares of the company’s stock worth $22,760,000 after acquiring an additional 176,714 shares during the period. Atria Investments Inc boosted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 8.5% during the 1st quarter. Atria Investments Inc now owns 33,590 shares of the company’s stock valued at $2,566,000 after acquiring an additional 2,624 shares during the last quarter. Coppell Advisory Solutions Corp. purchased a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the first quarter valued at about $6,780,000. Finally, B. Riley Wealth Advisors Inc. grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 54.4% in the first quarter. B. Riley Wealth Advisors Inc. now owns 13,225 shares of the company’s stock valued at $1,010,000 after purchasing an additional 4,657 shares during the period.

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.6 %

Shares of NASDAQ FTA opened at $73.60 on Friday. The company’s 50-day simple moving average is $74.19 and its 200-day simple moving average is $72.80. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 14.55 and a beta of 1.11. First Trust Large Cap Value AlphaDEX Fund has a 52-week low of $61.47 and a 52-week high of $76.51.

First Trust Large Cap Value AlphaDEX Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a $0.3297 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Thursday, June 27th.

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.