First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Shares Shorted: Short Interest Up 963.9% in September

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 26,140 shares, an increase of 963.9% from the September 15th total of 2,457 shares. Based on an average trading volume of 30,778 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the company’s stock are short sold.

First Trust Large Cap Value AlphaDEX Fund Trading Down 0.4%

NASDAQ FTA traded down $0.35 on Friday, reaching $97.46. The stock had a trading volume of 79,188 shares, compared to its average volume of 34,692. First Trust Large Cap Value AlphaDEX Fund has a 1 year low of $81.12 and a 1 year high of $104.95. The business has a 50 day moving average price of $100.77 and a 200 day moving average price of $97.42. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 13.54 and a beta of 0.80.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.5259 dividend. This is an increase from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.3389. This represents a $2.10 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Thursday, September 24th.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

A number of institutional investors have recently added to or reduced their stakes in FTA. First Heartland Consultants Inc. bought a new stake in First Trust Large Cap Value AlphaDEX Fund in the third quarter worth approximately $250,000. NewEdge Advisors LLC lifted its stake in shares of 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 purchasing an additional 4,496 shares during the last quarter. Allworth Financial LP boosted its holdings in First Trust Large Cap Value AlphaDEX Fund by 2.1% in the second quarter. Allworth Financial LP now owns 8,827 shares of the company’s stock worth $854,000 after purchasing an additional 180 shares in the last quarter. Waverly Advisors LLC increased its position in First Trust Large Cap Value AlphaDEX Fund by 1.6% during the second 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. Finally, Tucker Asset Management LLC increased its position in First Trust Large Cap Value AlphaDEX Fund by 16.5% during the second quarter. Tucker Asset Management LLC now owns 2,564 shares of the company’s stock worth $248,000 after buying an additional 363 shares during the last quarter.

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.