Short Interest in First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Increases By 336.2%

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 25,300 shares, an increase of 336.2% from the October 31st total of 5,800 shares. Based on an average daily volume of 39,800 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Several large investors have recently made changes to their positions in the stock. Pine Valley Investments Ltd Liability Co boosted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 1.9% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 8,410 shares of the company’s stock worth $666,000 after acquiring an additional 158 shares in the last quarter. IFG Advisory LLC boosted its stake in First Trust Large Cap Value AlphaDEX Fund by 1.0% during the 2nd quarter. IFG Advisory LLC now owns 15,627 shares of the company’s stock valued at $1,150,000 after purchasing an additional 160 shares during the period. ICA Group Wealth Management LLC boosted its stake in First Trust Large Cap Value AlphaDEX Fund by 70.0% during the 2nd quarter. ICA Group Wealth Management LLC now owns 425 shares of the company’s stock valued at $31,000 after purchasing an additional 175 shares during the period. Kowal Investment Group LLC boosted its stake in First Trust Large Cap Value AlphaDEX Fund by 0.4% during the 3rd quarter. Kowal Investment Group LLC now owns 49,735 shares of the company’s stock valued at $3,936,000 after purchasing an additional 181 shares during the period. Finally, Ausdal Financial Partners Inc. boosted its stake in First Trust Large Cap Value AlphaDEX Fund by 4.3% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 4,711 shares of the company’s stock valued at $347,000 after purchasing an additional 194 shares during the period.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

NASDAQ:FTA traded up $0.10 during trading hours on Thursday, hitting $83.19. 25,351 shares of the company’s stock traded hands, compared to its average volume of 44,854. The firm has a market cap of $1.29 billion, a P/E ratio of 14.55 and a beta of 1.11. First Trust Large Cap Value AlphaDEX Fund has a twelve month low of $66.25 and a twelve month high of $83.93. The stock’s fifty day moving average price is $79.81 and its two-hundred day moving average price is $76.93.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.453 dividend. This is a positive change from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.33. This represents a $1.81 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend was Thursday, September 26th.

First Trust Large Cap Value AlphaDEX Fund Company Profile

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.