First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Short Interest Down 42.7% in March

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 14,100 shares, a decrease of 42.7% from the February 28th total of 24,600 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 49,200 shares, the short-interest ratio is presently 0.3 days.

First Trust Large Cap Value AlphaDEX Fund Stock Down 1.1 %

Shares of NASDAQ:FTA traded down $0.85 during trading on Friday, reaching $75.98. 31,163 shares of the company’s stock traded hands, compared to its average volume of 43,191. First Trust Large Cap Value AlphaDEX Fund has a fifty-two week low of $72.16 and a fifty-two week high of $83.93. The company has a 50-day simple moving average of $77.72 and a 200-day simple moving average of $78.61. The firm has a market cap of $1.15 billion, a PE ratio of 14.62 and a beta of 1.11.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be given a $0.3953 dividend. This represents a $1.58 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Thursday, March 27th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Flow Traders U.S. LLC acquired a new stake in First Trust Large Cap Value AlphaDEX Fund in the 3rd quarter worth about $285,000. Benjamin Edwards Inc. boosted its stake in shares of First Trust Large Cap Value AlphaDEX Fund by 1,116.7% in the third quarter. Benjamin Edwards Inc. now owns 38,132 shares of the company’s stock worth $3,017,000 after acquiring an additional 34,998 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of First Trust Large Cap Value AlphaDEX Fund during the third quarter worth approximately $1,137,000. Orion Portfolio Solutions LLC raised its stake in First Trust Large Cap Value AlphaDEX Fund by 14.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 36,639 shares of the company’s stock valued at $2,899,000 after purchasing an additional 4,552 shares during the last quarter. Finally, MML Investors Services LLC raised its stake in First Trust Large Cap Value AlphaDEX Fund by 3.9% in the 3rd quarter. MML Investors Services LLC now owns 11,495 shares of the company’s stock valued at $910,000 after purchasing an additional 433 shares during the last quarter.

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.