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

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the recipient of a large increase in short interest in 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.

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.1 %

NASDAQ:FTA traded up $0.10 during midday trading on Wednesday, hitting $83.19. The company had a trading volume of 25,351 shares, compared to its average volume of 44,854. The company has a market capitalization of $1.29 billion, a PE ratio of 14.55 and a beta of 1.11. First Trust Large Cap Value AlphaDEX Fund has a 52-week low of $66.25 and a 52-week high of $83.93. The stock’s fifty day moving average price is $79.71 and its 200-day moving average price is $76.89.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.453 per share. The ex-dividend date of this dividend was Thursday, September 26th. 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 dividend yield of 2.18%.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Hedge funds have recently bought and sold shares of the company. ICA Group Wealth Management LLC lifted its stake in shares of 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 valued at $31,000 after acquiring an additional 175 shares during the last quarter. Hilltop National Bank bought a new stake in First Trust Large Cap Value AlphaDEX Fund in the second quarter valued at approximately $76,000. GPS Wealth Strategies Group LLC boosted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 145.7% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,113 shares of the company’s stock valued at $82,000 after purchasing an additional 660 shares during the period. Continuum Advisory LLC grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 38.4% in the second quarter. Continuum Advisory LLC now owns 1,193 shares of the company’s stock worth $88,000 after purchasing an additional 331 shares during the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the third quarter worth $201,000.

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.