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

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

First Trust Large Cap Value AlphaDEX Fund Stock Down 1.1 %

Shares of First Trust Large Cap Value AlphaDEX Fund stock opened at $75.98 on Monday. The business has a 50-day moving average price of $77.72 and a 200 day moving average price of $78.62. 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 firm has a market cap of $1.15 billion, a P/E ratio of 14.62 and a beta of 1.11.

First Trust Large Cap Value AlphaDEX Fund Cuts Dividend

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

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

Large investors have recently added to or reduced their stakes in the company. LPL Financial LLC increased its stake in First Trust Large Cap Value AlphaDEX Fund by 6.5% during the fourth quarter. LPL Financial LLC now owns 848,889 shares of the company’s stock valued at $64,906,000 after purchasing an additional 51,783 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in First Trust Large Cap Value AlphaDEX Fund during the fourth quarter worth about $34,542,000. IHT Wealth Management LLC lifted its holdings in First Trust Large Cap Value AlphaDEX Fund by 457.6% in the fourth quarter. IHT Wealth Management LLC now owns 301,256 shares of the company’s stock worth $23,034,000 after acquiring an additional 247,227 shares during the last quarter. Royal Bank of Canada boosted its stake in First Trust Large Cap Value AlphaDEX Fund by 0.4% in the fourth quarter. Royal Bank of Canada now owns 278,963 shares of the company’s stock valued at $21,328,000 after acquiring an additional 1,131 shares during the period. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of First Trust Large Cap Value AlphaDEX Fund by 1.5% during the fourth quarter. Integrated Wealth Concepts LLC now owns 200,289 shares of the company’s stock valued at $15,314,000 after purchasing an additional 2,909 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.