First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Short Interest Up 42.9% in December

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totaling 38,461 shares, a growth of 42.9% from the November 30th total of 26,918 shares. Based on an average trading volume of 27,220 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.3% of the shares of the stock are short sold. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 27,220 shares, the days-to-cover ratio is currently 1.4 days.

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

Several institutional investors have recently added to or reduced their stakes in the business. Cullen Frost Bankers Inc. acquired a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the third quarter worth about $25,000. Clear Investment Research LLC acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the third quarter worth approximately $44,000. CX Institutional bought a new stake in shares of First Trust Large Cap Value AlphaDEX Fund in the third quarter worth $48,000. Private Trust Co. NA boosted its stake in First Trust Large Cap Value AlphaDEX Fund by 42.6% during the 3rd quarter. Private Trust Co. NA now owns 613 shares of the company’s stock valued at $51,000 after acquiring an additional 183 shares during the last quarter. Finally, Bessemer Group Inc. bought a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the second quarter worth about $62,000.

First Trust Large Cap Value AlphaDEX Fund Stock Down 0.1%

Shares of First Trust Large Cap Value AlphaDEX Fund stock traded down $0.10 during trading on Monday, hitting $86.70. 15,821 shares of the company were exchanged, compared to its average volume of 36,112. First Trust Large Cap Value AlphaDEX Fund has a fifty-two week low of $66.01 and a fifty-two week high of $87.47. The firm has a 50 day moving average price of $84.49 and a 200 day moving average price of $82.28. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 13.54 and a beta of 0.91.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be given a dividend of $0.5233 per share. This represents a $2.09 dividend on an annualized basis and a yield of 2.4%. This is an increase from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, December 12th.

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.