First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Short Interest Down 21.3% in March

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 11,100 shares, a decline of 21.3% from the March 15th total of 14,100 shares. Based on an average trading volume of 43,800 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

First Trust Large Cap Value AlphaDEX Fund Price Performance

Shares of FTA stock traded up $0.63 during trading hours on Friday, reaching $71.02. The stock had a trading volume of 40,370 shares, compared to its average volume of 45,848. The firm has a 50-day simple moving average of $75.20 and a 200-day simple moving average of $77.79. The firm has a market capitalization of $1.03 billion, a PE ratio of 13.50 and a beta of 1.11. First Trust Large Cap Value AlphaDEX Fund has a twelve month low of $66.01 and a twelve month high of $83.93.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.3953 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 2.23%.

Hedge Funds Weigh In On First Trust Large Cap Value AlphaDEX Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Iams Wealth Management LLC raised its position in shares of First Trust Large Cap Value AlphaDEX Fund by 3.7% during the 4th quarter. Iams Wealth Management LLC now owns 45,922 shares of the company’s stock worth $3,511,000 after buying an additional 1,656 shares in the last quarter. Gateway Wealth Partners LLC raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 2.4% during the fourth quarter. Gateway Wealth Partners LLC now owns 35,865 shares of the company’s stock worth $2,742,000 after purchasing an additional 849 shares in the last quarter. Mutual Advisors LLC lifted its position in First Trust Large Cap Value AlphaDEX Fund by 5.2% in the fourth quarter. Mutual Advisors LLC now owns 7,302 shares of the company’s stock worth $577,000 after purchasing an additional 361 shares during the period. RFG Advisory LLC boosted its stake in First Trust Large Cap Value AlphaDEX Fund by 19.4% during the 4th quarter. RFG Advisory LLC now owns 9,668 shares of the company’s stock valued at $739,000 after purchasing an additional 1,573 shares in the last quarter. Finally, Secure Asset Management LLC increased its position in shares of First Trust Large Cap Value AlphaDEX Fund by 3.6% during the 4th quarter. Secure Asset Management LLC now owns 56,961 shares of the company’s stock valued at $4,355,000 after purchasing an additional 2,005 shares during the period.

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.