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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - Get Free Report) was the target of a large decline in short interest in May. As of May 31st, there was short interest totalling 10,300 shares, a decline of 57.8% from the May 15th total of 24,400 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 47,500 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. LPL Financial LLC grew its position in shares of First Trust Large Cap Value AlphaDEX Fund by 1.9% during the 1st quarter. LPL Financial LLC now owns 864,647 shares of the company's stock valued at $66,336,000 after purchasing an additional 15,758 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of First Trust Large Cap Value AlphaDEX Fund during the 4th quarter valued at $34,542,000. Envestnet Asset Management Inc. grew its position in shares of First Trust Large Cap Value AlphaDEX Fund by 1.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 421,855 shares of the company's stock valued at $32,365,000 after purchasing an additional 4,820 shares in the last quarter. IHT Wealth Management LLC grew its position in shares of First Trust Large Cap Value AlphaDEX Fund by 457.6% during the 4th quarter. IHT Wealth Management LLC now owns 301,256 shares of the company's stock valued at $23,034,000 after purchasing an additional 247,227 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in First Trust Large Cap Value AlphaDEX Fund by 3.5% in the first quarter. Cetera Investment Advisers now owns 299,756 shares of the company's stock worth $22,997,000 after acquiring an additional 10,043 shares in the last quarter.

First Trust Large Cap Value AlphaDEX Fund Trading Down 0.8%

Shares of FTA traded down $0.65 during mid-day trading on Tuesday, reaching $77.07. 16,076 shares of the stock traded hands, compared to its average volume of 45,433. The firm has a fifty day moving average price of $74.49 and a 200 day moving average price of $76.35. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 13.58 and a beta of 1.11. First Trust Large Cap Value AlphaDEX Fund has a 1 year low of $66.01 and a 1 year high of $83.93.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.3953 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 2.05%.

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.