First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Short Interest Down 62.2% in July

Key Points

• Short interest fell 62.2% to 17,711 shares as of July 31, representing about 0.1% of FTA’s outstanding shares and a short-interest ratio of 0.6 days.
• FTA shares rose 1.1% to $103.90, matching the fund’s 12-month high; its market capitalization was approximately $1.43 billion.
• The fund paid a quarterly dividend of $0.3389 per share, equivalent to an annualized $1.36 and a 1.3% yield, while several institutional investors recently initiated or increased positions.

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - ) saw a significant 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 short sold. Based on an average daily volume of 28,168 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Eastern Bank purchased a new stake in First Trust Large Cap Value AlphaDEX Fund during the 2nd quarter worth approximately $32,000. Main Street Group LTD acquired a new stake in First Trust Large Cap Value AlphaDEX Fund in the first quarter valued at $33,000. Cullen Frost Bankers Inc. boosted its stake in First Trust Large Cap Value AlphaDEX Fund by 51.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 455 shares of the company's stock valued at $39,000 after acquiring an additional 154 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in First Trust Large Cap Value AlphaDEX Fund by 282.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 562 shares of the company's stock worth $49,000 after acquiring an additional 415 shares in the last quarter. Finally, Smithfield Trust Co grew its holdings in First Trust Large Cap Value AlphaDEX Fund by 20.0% during the 4th quarter. Smithfield Trust Co now owns 720 shares of the company's stock worth $62,000 after acquiring an additional 120 shares in the last quarter.

First Trust Large Cap Value AlphaDEX Fund Trading Up 1.1%

Shares of FTA stock opened at $103.90 on Friday. The firm has a fifty day simple moving average of $98.79 and a 200-day simple moving average of $95.25. The company has a market capitalization of $1.43 billion, a PE ratio of 13.54 and a beta of 0.79. First Trust Large Cap Value AlphaDEX Fund has a twelve month low of $80.85 and a twelve month high of $103.90.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

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

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.

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