First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Short Interest Update

Key Points

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First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - Get Free Report) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 12,600 shares, adropof33.3% from the July 15th total of 18,900 shares. Based on an average trading volume of 36,000 shares, the days-to-cover ratio is presently 0.4 days. Currently,0.1% of the shares of the company are sold short. Currently,0.1% of the shares of the company are sold short. Based on an average trading volume of 36,000 shares, the days-to-cover ratio is presently 0.4 days.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

NASDAQ:FTA traded up $1.90 during mid-day trading on Friday, reaching $83.40. 33,897 shares of the company's stock were exchanged, compared to its average volume of 41,510. First Trust Large Cap Value AlphaDEX Fund has a one year low of $66.01 and a one year high of $83.93. The firm has a market capitalization of $1.16 billion, a PE ratio of 13.54 and a beta of 1.11. The business's fifty day simple moving average is $79.73 and its two-hundred day simple moving average is $76.83.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were given a dividend of $0.3089 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, June 26th.

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

A number of hedge funds have recently bought and sold shares of the business. LPL Financial LLC increased its holdings in First Trust Large Cap Value AlphaDEX Fund by 1.9% in the 1st quarter. LPL Financial LLC now owns 864,647 shares of the company's stock valued at $66,336,000 after buying an additional 15,758 shares during the period. Envestnet Asset Management Inc. increased its holdings in First Trust Large Cap Value AlphaDEX Fund by 1.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 421,855 shares of the company's stock valued at $32,365,000 after buying an additional 4,820 shares during the period. Bank of America Corp DE increased its holdings in First Trust Large Cap Value AlphaDEX Fund by 13.4% in the 2nd quarter. Bank of America Corp DE now owns 342,742 shares of the company's stock valued at $26,950,000 after buying an additional 40,412 shares during the period. IHT Wealth Management LLC increased its holdings in First Trust Large Cap Value AlphaDEX Fund by 457.6% in the 4th quarter. IHT Wealth Management LLC now owns 301,256 shares of the company's stock valued at $23,034,000 after buying an additional 247,227 shares during the period. Finally, Cetera Investment Advisers increased its holdings in First Trust Large Cap Value AlphaDEX Fund by 3.5% in the 1st quarter. Cetera Investment Advisers now owns 299,756 shares of the company's stock valued at $22,997,000 after buying an additional 10,043 shares during the period.

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.