Short Interest in First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Declines By 51.8%

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - Get Free Report) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 2,700 shares, a decrease of 51.8% from the March 15th total of 5,600 shares. Based on an average trading volume of 58,100 shares, the days-to-cover ratio is currently 0.0 days.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

Shares of NASDAQ:FTA traded down $0.26 during midday trading on Thursday, reaching $74.37. The company's stock had a trading volume of 17,685 shares, compared to its average volume of 59,508. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 13.46 and a beta of 1.11. First Trust Large Cap Value AlphaDEX Fund has a fifty-two week low of $61.47 and a fifty-two week high of $76.51. The firm has a 50 day moving average price of $73.08 and a two-hundred day moving average price of $69.23.

First Trust Large Cap Value AlphaDEX Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a $0.3091 dividend. The ex-dividend date was Thursday, March 21st. This represents a $1.24 annualized dividend and a yield of 1.66%.

Institutional Investors Weigh In On First Trust Large Cap Value AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Morgan Stanley lifted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 5.0% during the 4th quarter. Morgan Stanley now owns 3,218,680 shares of the company's stock valued at $211,821,000 after buying an additional 154,449 shares during the last quarter. UBS Group AG lifted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 1.4% in the 1st quarter. UBS Group AG now owns 1,045,200 shares of the company's stock valued at $73,708,000 after acquiring an additional 14,447 shares during the last quarter. Bank of America Corp DE increased its position in shares of First Trust Large Cap Value AlphaDEX Fund by 11.0% in the first quarter. Bank of America Corp DE now owns 456,220 shares of the company's stock valued at $30,291,000 after acquiring an additional 45,342 shares during the period. Royal Bank of Canada increased its holdings in First Trust Large Cap Value AlphaDEX Fund by 7.3% during the 3rd quarter. Royal Bank of Canada now owns 293,944 shares of the company's stock valued at $19,042,000 after purchasing an additional 20,042 shares during the period. Finally, Midwest Heritage Bank FSB raised its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 1.8% during the third quarter. Midwest Heritage Bank FSB now owns 258,797 shares of the company's stock valued at $16,765,000 after acquiring an additional 4,484 shares in the last quarter.

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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