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

Key Points

• Short interest spiked 178% in April to 11,457 shares as of April 15, equal to about 0.1% of shares outstanding and a short-interest ratio of 0.3 days based on average daily volume.
• FTA traded down 1.0% to $94.20 (mid-day), with a market cap of $1.29 billion, a P/E of 13.54, and a 52‑week range of $72.19–$96.27.
• The fund paid a quarterly dividend of $0.3622 per share (annualized $1.45), implying a yield of roughly 1.5%, with an ex-dividend/record date in late March and payment on March 31.

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - ) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totaling 11,457 shares, a growth of 178.0% from the March 31st total of 4,121 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 44,028 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. OneAscent Financial Services LLC grew its position in First Trust Large Cap Value AlphaDEX Fund by 2.8% in the third quarter. OneAscent Financial Services LLC now owns 22,985 shares of the company's stock worth $1,915,000 after acquiring an additional 631 shares in the last quarter. Retirement Planning Group LLC purchased a new position in First Trust Large Cap Value AlphaDEX Fund in the third quarter worth $289,000. Trueblood Wealth Management LLC grew its position in First Trust Large Cap Value AlphaDEX Fund by 1.4% in the third quarter. Trueblood Wealth Management LLC now owns 39,627 shares of the company's stock worth $3,302,000 after acquiring an additional 537 shares in the last quarter. Benjamin Edwards Inc. grew its position in First Trust Large Cap Value AlphaDEX Fund by 3.9% in the third quarter. Benjamin Edwards Inc. now owns 83,936 shares of the company's stock worth $6,996,000 after acquiring an additional 3,156 shares in the last quarter. Finally, CX Institutional purchased a new position in First Trust Large Cap Value AlphaDEX Fund in the third quarter worth $48,000.

First Trust Large Cap Value AlphaDEX Fund Trading Down 1.0%

Shares of FTA traded down $0.93 during mid-day trading on Friday, reaching $94.20. 19,534 shares of the stock traded hands, compared to its average volume of 41,154. The firm has a fifty day moving average price of $93.21 and a 200 day moving average price of $88.69. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 13.54 and a beta of 0.85. First Trust Large Cap Value AlphaDEX Fund has a 1 year low of $72.19 and a 1 year high of $96.27.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.3622 per share. This represents a $1.45 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Thursday, March 26th.

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.

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