Short Interest in First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Declines By 42.7%

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - Get Free Report) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 14,100 shares, a decrease of 42.7% from the February 28th total of 24,600 shares. Based on an average daily volume of 49,200 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company's stock are short sold.

First Trust Large Cap Value AlphaDEX Fund Trading Up 0.6 %

NASDAQ:FTA traded up $0.49 during mid-day trading on Wednesday, hitting $77.10. The company had a trading volume of 18,164 shares, compared to its average volume of 42,177. The business has a fifty day simple moving average of $77.56 and a 200-day simple moving average of $78.60. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 14.62 and a beta of 1.11. First Trust Large Cap Value AlphaDEX Fund has a 1 year low of $72.16 and a 1 year high of $83.93.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.3953 per share. This represents a $1.58 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend was Thursday, March 27th.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Runnymede Capital Advisors Inc. bought a new stake in First Trust Large Cap Value AlphaDEX Fund during the 4th quarter valued at $27,000. Private Trust Co. NA increased its position in shares of First Trust Large Cap Value AlphaDEX Fund by 45.1% in the fourth quarter. Private Trust Co. NA now owns 624 shares of the company's stock worth $48,000 after acquiring an additional 194 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the fourth quarter valued at $55,000. Golden State Wealth Management LLC purchased a new position in First Trust Large Cap Value AlphaDEX Fund during the 4th quarter valued at about $69,000. Finally, GAMMA Investing LLC boosted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 384.3% during the 4th 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 period.

Remove Ads

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.