First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Short Interest Update

by · The Markets Daily

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA – Get Free Report) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 67,400 shares, a growth of 491.2% from the September 30th total of 11,400 shares. Based on an average daily volume of 37,200 shares, the days-to-cover ratio is currently 1.8 days.

Institutional Trading of First Trust Large Cap Value AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ICA Group Wealth Management LLC grew its stake 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. Pinnacle Bancorp Inc. bought a new stake in First Trust Large Cap Value AlphaDEX Fund in the 1st quarter worth approximately $74,000. Hilltop National Bank bought a new position in First Trust Large Cap Value AlphaDEX Fund during the second quarter valued at approximately $76,000. GPS Wealth Strategies Group LLC raised 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 worth $82,000 after acquiring an additional 660 shares in the last quarter. Finally, Continuum Advisory LLC lifted its holdings 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 worth $88,000 after acquiring an additional 331 shares during the last quarter.

First Trust Large Cap Value AlphaDEX Fund Stock Down 0.6 %

NASDAQ FTA traded down $0.45 during trading hours on Friday, reaching $78.56. 29,565 shares of the company were exchanged, compared to its average volume of 44,741. The stock has a market capitalization of $1.21 billion, a P/E ratio of 14.55 and a beta of 1.11. First Trust Large Cap Value AlphaDEX Fund has a 1 year low of $61.47 and a 1 year high of $80.46. The business’s 50 day simple moving average is $78.37 and its 200-day simple moving average is $75.84.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.453 dividend. The ex-dividend date 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 2.31%.

About First Trust Large Cap Value AlphaDEX Fund

(Get Free Report)

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.

Recommended Stories