First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Large Growth in Short Interest

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 21,374 shares, an increase of 86.6% from the April 15th total of 11,457 shares. Based on an average daily volume of 30,259 shares, the short-interest ratio is currently 0.7 days. Approximately 0.2% of the shares of the company are short sold.

First Trust Large Cap Value AlphaDEX Fund Price Performance

Shares of FTA opened at $92.47 on Tuesday. The company has a market cap of $1.26 billion, a P/E ratio of 13.54 and a beta of 0.81. The stock has a fifty day moving average price of $92.96 and a 200 day moving average price of $89.83. First Trust Large Cap Value AlphaDEX Fund has a 12 month low of $74.35 and a 12 month high of $96.27.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.3622 per share. This represents a $1.45 annualized dividend and a yield of 1.6%. The ex-dividend date was Thursday, March 26th.

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

Several institutional investors and hedge funds have recently bought and sold shares of FTA. Sanctuary Advisors LLC increased its stake in First Trust Large Cap Value AlphaDEX Fund by 2.2% in the fourth quarter. Sanctuary Advisors LLC now owns 19,067 shares of the company’s stock valued at $1,643,000 after acquiring an additional 417 shares during the period. Sun Financial Inc bought a new stake in First Trust Large Cap Value AlphaDEX Fund during the 4th quarter worth about $1,031,000. Ashton Thomas Private Wealth LLC grew its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 6.5% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 5,261 shares of the company’s stock valued at $453,000 after purchasing an additional 320 shares during the last quarter. HBW Advisory Services LLC increased its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 187.0% in the 4th quarter. HBW Advisory Services LLC now owns 14,907 shares of the company’s stock valued at $1,284,000 after buying an additional 9,713 shares during the period. Finally, Sound Income Strategies LLC acquired a new stake in First Trust Large Cap Value AlphaDEX Fund in the fourth quarter worth about $138,000.

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.