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

Key Points

• Short interest fell 75.8% to 2,457 shares as of September 15, representing about 0.0% of outstanding shares and a short-interest ratio of 0.1 days.
• Several institutional investors increased their positions, including NewEdge Advisors, Bank of America, Gateway Wealth Partners, RFG Advisory, and Parallel Advisors.
• FTA traded at $96.97, while the fund raised its quarterly dividend to $0.5259 per share, equivalent to an annualized $2.10 payout and a 2.2% yield.

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - ) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 2,457 shares, a drop of 75.8% from the August 31st total of 10,158 shares. Based on an average daily trading volume, of 27,794 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

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

Hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC increased its position in First Trust Large Cap Value AlphaDEX Fund by 57.1% during the 1st quarter. NewEdge Advisors LLC now owns 156,182 shares of the company's stock worth $14,423,000 after purchasing an additional 56,797 shares during the period. Bank of America Corp DE boosted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 12.8% in the first quarter. Bank of America Corp DE now owns 391,307 shares of the company's stock valued at $36,137,000 after buying an additional 44,259 shares in the last quarter. Gateway Wealth Partners LLC boosted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 104.5% in the first quarter. Gateway Wealth Partners LLC now owns 69,377 shares of the company's stock valued at $6,407,000 after buying an additional 35,449 shares in the last quarter. RFG Advisory LLC grew its holdings in First Trust Large Cap Value AlphaDEX Fund by 393.5% during the first quarter. RFG Advisory LLC now owns 21,572 shares of the company's stock worth $1,992,000 after acquiring an additional 17,201 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in First Trust Large Cap Value AlphaDEX Fund by 558.1% in the first quarter. Parallel Advisors LLC now owns 14,879 shares of the company's stock valued at $1,374,000 after acquiring an additional 12,618 shares during the period.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

First Trust Large Cap Value AlphaDEX Fund stock traded up $0.33 during trading hours on Friday, reaching $96.97. 24,899 shares of the stock were exchanged, compared to its average volume of 34,165. The stock has a market cap of $1.34 billion, a P/E ratio of 13.54 and a beta of 0.79. First Trust Large Cap Value AlphaDEX Fund has a 52-week low of $81.12 and a 52-week high of $104.95. The firm's 50 day moving average is $101.59 and its 200 day moving average is $97.08.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th will be paid a dividend of $0.5259 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.2%. This is a positive change from First Trust Large Cap Value AlphaDEX Fund's previous quarterly dividend of $0.3389. The ex-dividend date is Thursday, September 24th.

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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