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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 19,723 shares, an increase of 608.4% from the May 31st total of 2,784 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 18,216 shares, the short-interest ratio is presently 1.1 days.

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.9%

Shares of FTA opened at $97.90 on Friday. First Trust Large Cap Value AlphaDEX Fund has a 52-week low of $77.66 and a 52-week high of $97.90. The company has a 50-day simple moving average of $94.98 and a 200-day simple moving average of $92.20. The company has a market capitalization of $1.34 billion, a PE ratio of 13.54 and a beta of 0.79.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be given a $0.3389 dividend. The ex-dividend date is Thursday, June 25th. This represents a $1.36 annualized dividend and a dividend yield of 1.4%.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its stake 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 worth $529,000 after purchasing an additional 2,180 shares during the last quarter. Baird Financial Group Inc. boosted its position in First Trust Large Cap Value AlphaDEX Fund by 211.6% during the second quarter. Baird Financial Group Inc. now owns 31,020 shares of the company’s stock worth $2,439,000 after acquiring an additional 21,066 shares during the last quarter. Cresset Asset Management LLC acquired a new stake in First Trust Large Cap Value AlphaDEX Fund during the second quarter worth approximately $208,000. NewEdge Advisors LLC boosted its position in First Trust Large Cap Value AlphaDEX Fund by 2.3% during the second quarter. NewEdge Advisors LLC now owns 25,983 shares of the company’s stock worth $2,043,000 after acquiring an additional 583 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in First Trust Large Cap Value AlphaDEX Fund by 12.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,451 shares of the company’s stock worth $271,000 after acquiring an additional 389 shares during the period.

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.