First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Short Interest Up 172.0% in August

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totaling 10,158 shares, a growth of 172.0% from the August 15th total of 3,735 shares. Based on an average trading volume of 18,780 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are short sold.

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.3%

Shares of FTA traded up $0.27 during mid-day trading on Monday, hitting $101.47. 15,542 shares of the company’s stock were exchanged, compared to its average volume of 34,088. First Trust Large Cap Value AlphaDEX Fund has a 52 week low of $81.12 and a 52 week high of $104.95. The stock’s 50-day simple moving average is $101.47 and its 200-day simple moving average is $96.76. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 13.54 and a beta of 0.79.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.3389 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Thursday, June 25th.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

A number of institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC increased its holdings in First Trust Large Cap Value AlphaDEX Fund by 2.9% in the 2nd quarter. NewEdge Advisors LLC now owns 160,678 shares of the company’s stock valued at $15,553,000 after buying an additional 4,496 shares during the period. Allworth Financial LP lifted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 2.1% during the 2nd quarter. Allworth Financial LP now owns 8,827 shares of the company’s stock worth $854,000 after buying an additional 180 shares during the last quarter. Waverly Advisors LLC lifted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 1.6% during the 2nd quarter. Waverly Advisors LLC now owns 14,297 shares of the company’s stock worth $1,384,000 after buying an additional 220 shares during the last quarter. Tucker Asset Management LLC boosted its stake in First Trust Large Cap Value AlphaDEX Fund by 16.5% in the second quarter. Tucker Asset Management LLC now owns 2,564 shares of the company’s stock valued at $248,000 after buying an additional 363 shares in the last quarter. Finally, Asset Allocation Strategies LLC boosted its stake in First Trust Large Cap Value AlphaDEX Fund by 59.7% in the second quarter. Asset Allocation Strategies LLC now owns 7,208 shares of the company’s stock valued at $698,000 after buying an additional 2,695 shares in the last quarter.

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.