Short Interest in First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Increases By 491.2%

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 67,400 shares, an increase of 491.2% from the September 30th total of 11,400 shares. Based on an average trading volume of 37,200 shares, the short-interest ratio is currently 1.8 days.

First Trust Large Cap Value AlphaDEX Fund Price Performance

NASDAQ FTA traded down $0.45 during trading hours on Friday, reaching $78.56. 29,565 shares of the company’s stock traded hands, compared to its average volume of 44,741. The firm has a 50-day simple moving average of $78.37 and a 200 day simple moving average of $75.84. First Trust Large Cap Value AlphaDEX Fund has a 52-week low of $61.47 and a 52-week high of $80.46. The firm has a market cap of $1.21 billion, a PE ratio of 14.55 and a beta of 1.11.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.453 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.81 annualized dividend and a yield of 2.31%. This is an increase from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.33.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Hedge funds have recently added to or reduced their stakes in the business. ICA Group Wealth Management LLC grew its stake in First Trust Large Cap Value AlphaDEX Fund by 70.0% in the 2nd quarter. ICA Group Wealth Management LLC now owns 425 shares of the company’s stock valued at $31,000 after acquiring an additional 175 shares during the period. Pinnacle Bancorp Inc. acquired a new position in First Trust Large Cap Value AlphaDEX Fund in the first quarter valued at about $74,000. Hilltop National Bank acquired a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the second quarter worth about $76,000. GPS Wealth Strategies Group LLC lifted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 145.7% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,113 shares of the company’s stock worth $82,000 after purchasing an additional 660 shares in the last quarter. Finally, Continuum Advisory LLC lifted its position in shares of First Trust Large Cap Value AlphaDEX Fund by 38.4% during the second quarter. Continuum Advisory LLC now owns 1,193 shares of the company’s stock worth $88,000 after purchasing an additional 331 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.