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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 17,711 shares, a drop of 62.2% from the July 15th total of 46,885 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 28,168 shares, the short-interest ratio is presently 0.6 days.

First Trust Large Cap Value AlphaDEX Fund Trading Up 0.3%

FTA stock traded up $0.32 during trading on Friday, reaching $104.22. 17,307 shares of the stock were exchanged, compared to its average volume of 35,801. The firm’s 50 day moving average is $98.95 and its 200 day moving average is $95.31. First Trust Large Cap Value AlphaDEX Fund has a twelve month low of $81.08 and a twelve month high of $104.25. The firm has a market cap of $1.43 billion, a P/E ratio of 13.54 and a beta of 0.79.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

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

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

A number of institutional investors have recently modified their holdings of the company. LPL Financial LLC increased its stake in First Trust Large Cap Value AlphaDEX Fund by 8.4% during the 4th quarter. LPL Financial LLC now owns 1,001,829 shares of the company’s stock valued at $86,305,000 after purchasing an additional 77,963 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 12.8% in the first quarter. Bank of America Corp DE now owns 391,307 shares of the company’s stock valued at $36,137,000 after buying an additional 44,259 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 0.5% in the first quarter. Cetera Investment Advisers now owns 345,175 shares of the company’s stock valued at $31,877,000 after buying an additional 1,685 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 0.5% during the first quarter. Royal Bank of Canada now owns 298,949 shares of the company’s stock valued at $27,608,000 after buying an additional 1,394 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 2.3% during the third quarter. Raymond James Financial Inc. now owns 291,928 shares of the company’s stock valued at $24,325,000 after buying an additional 6,610 shares during 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.