Short Interest in First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Decreases By 91.4%

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 5,800 shares, a decrease of 91.4% from the October 15th total of 67,400 shares. Based on an average daily volume of 32,900 shares, the days-to-cover ratio is presently 0.2 days.

Hedge Funds Weigh In On First Trust Large Cap Value AlphaDEX Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. ICA Group Wealth Management LLC increased its holdings in First Trust Large Cap Value AlphaDEX Fund by 70.0% in the 2nd quarter. ICA Group Wealth Management LLC now owns 425 shares of the company’s stock worth $31,000 after buying an additional 175 shares in the last quarter. Hilltop National Bank bought a new stake in First Trust Large Cap Value AlphaDEX Fund in the 2nd quarter worth about $76,000. GPS Wealth Strategies Group LLC increased its holdings in First Trust Large Cap Value AlphaDEX Fund by 145.7% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,113 shares of the company’s stock worth $82,000 after buying an additional 660 shares in the last quarter. Continuum Advisory LLC increased its holdings in First Trust Large Cap Value AlphaDEX Fund by 38.4% in the 2nd quarter. Continuum Advisory LLC now owns 1,193 shares of the company’s stock worth $88,000 after buying an additional 331 shares in the last quarter. Finally, SeaCrest Wealth Management LLC bought a new stake in First Trust Large Cap Value AlphaDEX Fund in the 3rd quarter worth about $201,000.

First Trust Large Cap Value AlphaDEX Fund Price Performance

Shares of FTA traded down $0.62 during midday trading on Tuesday, hitting $81.16. 48,005 shares of the company traded hands, compared to its average volume of 43,917. The stock has a 50-day moving average of $78.75 and a 200-day moving average of $76.30. The firm has a market cap of $1.25 billion, a P/E ratio of 14.55 and a beta of 1.11. First Trust Large Cap Value AlphaDEX Fund has a one year low of $63.58 and a one year high of $82.05.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.453 dividend. This is a positive change from First Trust Large Cap Value AlphaDEX Fund’s previous quarterly dividend of $0.33. The ex-dividend date was Thursday, September 26th. This represents a $1.81 dividend on an annualized basis and a yield of 2.23%.

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.