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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 33,100 shares, an increase of 18.6% from the December 15th total of 27,900 shares. Based on an average trading volume of 47,900 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FTA. Cetera Investment Advisers raised its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 0.7% in the 2nd quarter. Cetera Investment Advisers now owns 300,173 shares of the company’s stock valued at $22,093,000 after purchasing an additional 2,194 shares during the period. International Assets Investment Management LLC raised its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 7,813.5% in the 3rd quarter. International Assets Investment Management LLC now owns 264,785 shares of the company’s stock valued at $20,952,000 after purchasing an additional 261,439 shares during the period. Assetmark Inc. raised its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 10.7% in the 3rd quarter. Assetmark Inc. now owns 133,805 shares of the company’s stock valued at $10,588,000 after purchasing an additional 12,890 shares during the period. Holistic Financial Partners raised its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 2.9% in the 3rd quarter. Holistic Financial Partners now owns 130,940 shares of the company’s stock valued at $10,361,000 after purchasing an additional 3,640 shares during the period. Finally, AE Wealth Management LLC raised its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 5.0% in the 2nd quarter. AE Wealth Management LLC now owns 98,689 shares of the company’s stock valued at $7,264,000 after purchasing an additional 4,665 shares during the period.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

FTA stock traded up $0.28 during midday trading on Friday, hitting $79.36. 26,956 shares of the company’s stock were exchanged, compared to its average volume of 63,178. The stock’s fifty day moving average price is $79.24 and its 200-day moving average price is $78.05. The company 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 has a one year low of $68.48 and a one year high of $83.93.

First Trust Large Cap Value AlphaDEX Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.4534 per share. The ex-dividend date was Friday, December 13th.

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.