First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - Get Free Report) was the target 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 daily trading volume, of 48,200 shares, the days-to-cover ratio is currently 0.5 days.
Hedge Funds Weigh In On First Trust Large Cap Value AlphaDEX Fund
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Runnymede Capital Advisors Inc. purchased a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the fourth quarter worth $27,000. Private Trust Co. NA boosted its stake in First Trust Large Cap Value AlphaDEX Fund by 45.1% in the 4th quarter. Private Trust Co. NA now owns 624 shares of the company's stock worth $48,000 after purchasing an additional 194 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in First Trust Large Cap Value AlphaDEX Fund during the 4th quarter valued at about $55,000. Golden State Wealth Management LLC bought a new stake in First Trust Large Cap Value AlphaDEX Fund during the 4th quarter valued at about $69,000. Finally, GAMMA Investing LLC raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 384.3% in the fourth quarter. GAMMA Investing LLC now owns 1,017 shares of the company's stock worth $78,000 after buying an additional 807 shares during the last quarter.
First Trust Large Cap Value AlphaDEX Fund Price Performance
NASDAQ FTA traded up $0.79 during trading hours on Monday, reaching $76.72. 27,437 shares of the company's stock traded hands, compared to its average volume of 44,071. First Trust Large Cap Value AlphaDEX Fund has a 52-week low of $72.16 and a 52-week high of $83.93. The firm has a 50-day simple moving average of $77.85 and a 200 day simple moving average of $78.66. The firm has a market cap of $1.16 billion, a PE ratio of 14.03 and a beta of 1.11.
About First Trust Large Cap Value AlphaDEX Fund
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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.
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