First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Large Increase in Short Interest

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTAGet Free Report) was the target of a significant increase in short interest in January. As of January 31st, there was short interest totalling 15,300 shares, an increase of 3,725.0% from the January 15th total of 400 shares. Based on an average daily trading volume, of 62,500 shares, the days-to-cover ratio is currently 0.2 days.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Morgan Stanley boosted its stake in 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 purchasing an additional 154,449 shares during the last quarter. UBS Group AG raised its holdings in 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 worth $73,708,000 after purchasing an additional 14,447 shares during the period. LPL Financial LLC raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 1.5% in the 2nd quarter. LPL Financial LLC now owns 957,378 shares of the company’s stock worth $63,838,000 after purchasing an additional 14,545 shares during the period. Envestnet Asset Management Inc. raised its holdings in First Trust Large Cap Value AlphaDEX Fund by 1.5% during the second quarter. Envestnet Asset Management Inc. now owns 921,431 shares of the company’s stock valued at $61,441,000 after acquiring an additional 14,014 shares during the period. Finally, Bank of America Corp DE grew its position in shares of First Trust Large Cap Value AlphaDEX Fund by 11.0% during the first quarter. Bank of America Corp DE now owns 456,220 shares of the company’s stock valued at $30,291,000 after purchasing an additional 45,342 shares in the last quarter.

First Trust Large Cap Value AlphaDEX Fund Stock Up 1.2 %

First Trust Large Cap Value AlphaDEX Fund stock opened at $70.92 on Tuesday. First Trust Large Cap Value AlphaDEX Fund has a 52 week low of $61.47 and a 52 week high of $72.34. The business has a 50-day simple moving average of $70.19 and a 200 day simple moving average of $67.49. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 13.46 and a beta of 1.11.

First Trust Large Cap Value AlphaDEX Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 26th were issued a $0.4904 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Friday, December 22nd.

About First Trust Large Cap Value AlphaDEX Fund

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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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