First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Short Interest Update
by Doug Wharley · The Cerbat GemFirst Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA – Get Free Report) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 11,457 shares, an increase of 178.0% from the March 31st total of 4,121 shares. Based on an average daily trading volume, of 44,028 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.
First Trust Large Cap Value AlphaDEX Fund Price Performance
Shares of NASDAQ:FTA traded down $0.93 during trading on Friday, reaching $94.20. 19,534 shares of the company’s stock traded hands, compared to its average volume of 41,154. First Trust Large Cap Value AlphaDEX Fund has a 12 month low of $72.19 and a 12 month high of $96.27. The company has a 50 day moving average of $93.21 and a 200-day moving average of $88.72. The stock has a market capitalization of $1.29 billion, a P/E ratio of 13.54 and a beta of 0.85.
First Trust Large Cap Value AlphaDEX Fund Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors 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 of this dividend was Thursday, March 26th.
Institutional Investors Weigh In On First Trust Large Cap Value AlphaDEX Fund
A number of institutional investors have recently modified their holdings of FTA. Jones Financial Companies Lllp grew its position in shares of First Trust Large Cap Value AlphaDEX Fund by 46.3% during the 1st quarter. Jones Financial Companies Lllp now owns 6,893 shares of the company’s stock valued at $529,000 after buying an additional 2,180 shares during the last quarter. Baird Financial Group Inc. grew its position in shares of First Trust Large Cap Value AlphaDEX Fund by 211.6% during the 2nd quarter. Baird Financial Group Inc. now owns 31,020 shares of the company’s stock valued at $2,439,000 after buying an additional 21,066 shares during the last quarter. Cresset Asset Management LLC bought a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the 2nd quarter valued at about $208,000. NewEdge Advisors LLC grew its position in shares of First Trust Large Cap Value AlphaDEX Fund by 2.3% during the 2nd quarter. NewEdge Advisors LLC now owns 25,983 shares of the company’s stock valued at $2,043,000 after buying an additional 583 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of First Trust Large Cap Value AlphaDEX Fund by 12.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,451 shares of the company’s stock valued at $271,000 after buying an additional 389 shares during 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.