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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 2,784 shares, a decrease of 86.9% from the May 14th total of 21,299 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 20,785 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Smithfield Trust Co increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 20.0% during the fourth quarter. Smithfield Trust Co now owns 720 shares of the company’s stock valued at $62,000 after purchasing an additional 120 shares during the period. Moloney Securities Asset Management LLC increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 5.4% during the third quarter. Moloney Securities Asset Management LLC now owns 2,702 shares of the company’s stock valued at $225,000 after purchasing an additional 139 shares during the period. Cullen Frost Bankers Inc. increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 51.2% during the fourth quarter. Cullen Frost Bankers Inc. now owns 455 shares of the company’s stock valued at $39,000 after purchasing an additional 154 shares during the period. MML Investors Services LLC increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 0.8% during the second quarter. MML Investors Services LLC now owns 23,804 shares of the company’s stock valued at $1,872,000 after purchasing an additional 185 shares during the period. Finally, Principal Securities Inc. increased its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 4.9% during the fourth quarter. Principal Securities Inc. now owns 4,258 shares of the company’s stock valued at $367,000 after purchasing an additional 200 shares during the period.

First Trust Large Cap Value AlphaDEX Fund Price Performance

Shares of FTA stock traded down $0.68 on Wednesday, hitting $95.86. 14,938 shares of the stock traded hands, compared to its average volume of 36,894. The company has a market capitalization of $1.31 billion, a PE ratio of 13.54 and a beta of 0.79. First Trust Large Cap Value AlphaDEX Fund has a 1-year low of $76.92 and a 1-year high of $96.65. The company’s fifty day moving average is $94.08 and its 200 day moving average is $91.21.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.3622 per share. This represents a $1.45 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Thursday, March 26th.

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.