First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Short Interest Down 57.8% in May

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp raised its position in shares of First Trust Large Cap Value AlphaDEX Fund by 46.3% during the 1st quarter. Jones Financial Companies Lllp now owns 6,893 shares of the company's stock worth $529,000 after purchasing an additional 2,180 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 0.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 201,320 shares of the company's stock valued at $15,445,000 after acquiring an additional 1,031 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 59.3% in the 1st quarter. Benjamin Edwards Inc. now owns 65,224 shares of the company's stock valued at $5,004,000 after acquiring an additional 24,281 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 12.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,218 shares of the company's stock valued at $861,000 after acquiring an additional 1,243 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 2.8% in the 1st quarter. Harbour Investments Inc. now owns 37,465 shares of the company's stock valued at $2,874,000 after acquiring an additional 1,008 shares during the last quarter.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

Shares of FTA traded down $0.61 during mid-day trading on Friday, hitting $77.12. 31,205 shares of the company were exchanged, compared to its average volume of 45,921. First Trust Large Cap Value AlphaDEX Fund has a 1-year low of $66.01 and a 1-year high of $83.93. The company has a 50 day moving average of $74.28 and a 200-day moving average of $76.44. The stock 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 Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.3953 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.58 annualized dividend 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.