First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Sees Large Drop in Short Interest

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

First Trust Large Cap Value AlphaDEX Fund Price Performance

FTA stock traded up $0.17 on Wednesday, hitting $81.33. 278,757 shares of the company were exchanged, compared to its average volume of 44,985. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 14.55 and a beta of 1.11. The business’s fifty day moving average is $78.81 and its two-hundred day moving average is $76.35. First Trust Large Cap Value AlphaDEX Fund has a twelve month low of $64.69 and a twelve month high of $82.05.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.453 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This is an increase 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 2.23%.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in FTA. ICA Group Wealth Management LLC grew its position in First Trust Large Cap Value AlphaDEX Fund by 70.0% in the second quarter. ICA Group Wealth Management LLC now owns 425 shares of the company’s stock worth $31,000 after buying an additional 175 shares during the last quarter. Hilltop National Bank acquired a new position in shares of First Trust Large Cap Value AlphaDEX Fund in the second quarter worth about $76,000. GPS Wealth Strategies Group LLC increased its position in shares of First Trust Large Cap Value AlphaDEX Fund by 145.7% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,113 shares of the company’s stock worth $82,000 after acquiring an additional 660 shares in the last quarter. Continuum Advisory LLC lifted its position in shares of 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 valued at $88,000 after acquiring an additional 331 shares in the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new position in First Trust Large Cap Value AlphaDEX Fund in the 3rd quarter worth approximately $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.