First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Short Interest Up 491.2% in October

First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 67,400 shares, an increase 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 presently 1.8 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 stock. ICA Group Wealth Management LLC increased its position in shares of 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 purchasing an additional 175 shares during the last quarter. Pinnacle Bancorp Inc. bought a new position in First Trust Large Cap Value AlphaDEX Fund during the 1st quarter worth $74,000. Hilltop National Bank acquired a new stake in First Trust Large Cap Value AlphaDEX Fund in the second quarter worth $76,000. GPS Wealth Strategies Group LLC increased its position in 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 buying an additional 660 shares during the period. Finally, Continuum Advisory LLC lifted its stake in First Trust Large Cap Value AlphaDEX Fund by 38.4% in the second quarter. Continuum Advisory LLC now owns 1,193 shares of the company’s stock valued at $88,000 after buying an additional 331 shares during the last quarter.

First Trust Large Cap Value AlphaDEX Fund Stock Down 0.6 %

Shares of First Trust Large Cap Value AlphaDEX Fund stock traded down $0.45 during trading hours on Friday, hitting $78.56. The company’s stock had a trading volume of 29,565 shares, compared to its average volume of 44,741. The business has a fifty day moving average of $78.33 and a 200 day moving average of $75.82. First Trust Large Cap Value AlphaDEX Fund has a 1-year low of $61.47 and a 1-year high of $80.46. The company has a market capitalization of $1.21 billion, a PE ratio of 14.55 and a beta of 1.11.

First Trust Large Cap Value AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.453 per share. 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 dividend yield of 2.31%. The ex-dividend date of this dividend was Thursday, September 26th.

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.