Short Interest in First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Rises By 75.4%

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totalling 11,400 shares, an increase of 75.4% from the September 15th total of 6,500 shares. Based on an average daily volume of 37,200 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Several large investors have recently bought and sold shares of FTA. ICA Group Wealth Management LLC raised its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 70.0% in the second quarter. ICA Group Wealth Management LLC now owns 425 shares of the company’s stock worth $31,000 after purchasing an additional 175 shares during the last quarter. Pinnacle Bancorp Inc. purchased a new position in First Trust Large Cap Value AlphaDEX Fund during the 1st quarter worth approximately $74,000. Hilltop National Bank acquired a new stake in First Trust Large Cap Value AlphaDEX Fund during the 2nd quarter valued at approximately $76,000. GPS Wealth Strategies Group LLC boosted its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 145.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,113 shares of the company’s stock valued at $82,000 after acquiring an additional 660 shares during the last quarter. Finally, Continuum Advisory LLC increased its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 38.4% in the second quarter. Continuum Advisory LLC now owns 1,193 shares of the company’s stock worth $88,000 after acquiring an additional 331 shares during the period.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

FTA stock opened at $79.50 on Monday. First Trust Large Cap Value AlphaDEX Fund has a one year low of $61.47 and a one year high of $79.55. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 14.55 and a beta of 1.11. The firm has a 50-day simple moving average of $77.41 and a two-hundred day simple moving average of $75.57.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.453 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.81 annualized dividend and a dividend yield of 2.28%. This is an increase from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.33.

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.