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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - Get Free Report) saw a significant increase in short interest in May. As of May 15th, there was short interest totalling 24,400 shares, an increase of 101.7% from the April 30th total of 12,100 shares. Based on an average trading volume of 47,300 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

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

First Trust Large Cap Value AlphaDEX Fund Trading Up 1.0%

First Trust Large Cap Value AlphaDEX Fund stock traded up $0.73 during mid-day trading on Tuesday, hitting $76.46. The company had a trading volume of 23,128 shares, compared to its average volume of 46,557. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of 13.58 and a beta of 1.11. First Trust Large Cap Value AlphaDEX Fund has a 12-month low of $66.01 and a 12-month high of $83.93. The company's fifty day moving average is $73.65 and its 200-day moving average is $76.72.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.3953 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.58 dividend on an annualized basis and a yield of 2.07%.

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.