Increase in Short Interest for First Trust Large Cap Value AlphaDEX Fund

The First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) has seen a notable spike in short interest in January. As reported, short interest reached 33,100 shares by January 15th, which represents an increase of 18.6% compared to the 27,900 shares recorded on December 31st. Currently, with an average daily trading volume of 47,900 shares, the short-interest ratio stands at 0.7 days, indicating that the short positions could be covered relatively quickly.

Institutional Investors' Activity

Recently, various hedge funds and institutional investors have been active in buying and selling shares of the First Trust Large Cap Value AlphaDEX Fund. For instance, Trueblood Wealth Management LLC boosted its stake by 30.1% in the third quarter, now holding 33,608 shares valued at approximately $2,659,000 after acquiring an additional 7,773 shares. Another firm, Global Retirement Partners LLC, increased its holdings by 6.7%, totaling 12,180 shares worth about $964,000 following the purchase of 764 more shares. Additionally, Good Life Advisors LLC initiated a new position valued at around $367,000 in the same quarter. SeaCrest Wealth Management LLC also established a new position, estimated at $201,000. Secure Asset Management LLC raised its ownership by 2.0%, now owning 54,956 shares valued at $4,349,000 after acquiring 1,102 shares in the previous quarter.

Recent Stock Performance

As of the latest trading session, NASDAQ FTA decreased by $0.85, reaching a price of $78.62. The trading volume for the day was recorded at 33,309 shares, while the average volume sits at 53,905 shares. The fund exhibits a 50-day moving average of $78.85 and a 200-day moving average of $78.40. In the past year, the stock's performance ranged between a low of $69.17 and a high of $83.93. The market capitalization of the First Trust Large Cap Value AlphaDEX Fund is approximately $1.19 billion, with a price-to-earnings ratio of 14.55, and a beta of 1.11, indicating its volatility relative to the market.

Dividend Payment Update

The fund has also made a recent dividend payment, which was issued on December 31st. Shareholders on record as of December 13th received a dividend of $0.4534. The ex-dividend date was also noted to be December 13th.

About the Fund

The First Trust Large Cap Value AlphaDEX Fund is an exchange-traded fund that follows the NASDAQ AlphaDEX Large Cap Value Index. It strategically selects and weights stocks categorized as value stocks based on fundamental factors such as sales, book value, and cash flows. This fund was first launched on May 8, 2007, and is managed by First Trust.

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