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 target of a significant increase in short interest during the month of 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 days-to-cover ratio is currently 0.7 days.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 384.3% during the fourth quarter. GAMMA Investing LLC now owns 1,017 shares of the company’s stock worth $78,000 after acquiring an additional 807 shares during the period. SeaCrest Wealth Management LLC bought a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the third quarter worth approximately $201,000. 626 Financial LLC bought a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the third quarter worth approximately $209,000. Concorde Asset Management LLC bought a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the second quarter worth approximately $212,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the third quarter worth approximately $215,000.

First Trust Large Cap Value AlphaDEX Fund Stock Up 0.4 %

Shares of NASDAQ:FTA traded up $0.28 during midday trading on Friday, reaching $79.36. The company had a trading volume of 26,956 shares, compared to its average volume of 63,178. First Trust Large Cap Value AlphaDEX Fund has a 1-year low of $68.48 and a 1-year high of $83.93. The stock has a market cap of $1.21 billion, a PE ratio of 14.55 and a beta of 1.11. The business’s 50 day moving average price is $79.24 and its 200 day moving average price is $78.05.

First Trust Large Cap Value AlphaDEX Fund Dividend Announcement

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

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.