Short Interest in First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) Increases by 18.6%

The First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA - Get Free Report) experienced a notable rise in short interest in January. As of January 15, the fund reported a total short interest of 33,100 shares, marking an increase of 18.6% from the previous total of 27,900 shares recorded on December 31. Given the average daily trading volume of 47,900 shares, the current days-to-cover ratio stands at 0.7 days.

Institutional Investors and Their Impact

Several hedge funds and other institutional investors have recently adjusted their positions in First Trust Large Cap Value AlphaDEX Fund. For example, Trueblood Wealth Management LLC raised its stake in the fund by 30.1% during the third quarter, acquiring an additional 7,773 shares, resulting in a total of 33,608 shares valued at approximately $2,659,000. Similarly, Global Retirement Partners LLC increased its holding by 6.7%, owning 12,180 shares worth around $964,000 after purchasing an additional 764 shares. Other investors include Good Life Advisors LLC, which purchased new shares valued at around $367,000, and SeaCrest Wealth Management LLC, which also initiated a position estimated at $201,000. Furthermore, Secure Asset Management LLC raised its holdings by 2.0%, now owning 54,956 shares valued at approximately $4,349,000 after acquiring an additional 1,102 shares this past quarter.

Performance Overview of First Trust Large Cap Value AlphaDEX Fund

On Friday, the stock of First Trust Large Cap Value AlphaDEX Fund fell by $0.85 to a value of $78.62. The trading volume for the day reached 33,309 shares, which is below the average of 53,905 shares. The fund has a 50-day moving average of $78.85 and a 200-day moving average of $78.40. Over the past year, the stock reached a low of $69.17 and a high of $83.93. Currently, the fund's market capitalization is approximately $1.19 billion, with a price-to-earnings ratio of 14.55 and a beta value of 1.11.

Recent Dividend Announcement

The fund has also announced a dividend which was paid on December 31. Shareholders on record as of December 13 received a dividend of $0.4534. The ex-dividend date for this payment was also set for December 13.

About First Trust Large Cap Value AlphaDEX Fund

The First Trust Large Cap Value AlphaDEX Fund (FTA) is an exchange-traded fund designed to track the NASDAQ AlphaDEX Large Cap Value Index. This fund selects and weights its stocks based on various fundamental factors such as sales, book values, and cash flows. FTA has been managed by First Trust since its launch on May 8, 2007.

Conclusion: Should You Invest?

Before considering an investment in First Trust Large Cap Value AlphaDEX Fund, it is essential to review insights from various analysts. Currently tagged with a "Hold" rating, investors may find that there are other stocks which top analysts recommend as better options. Researching these alternatives can provide a more in-depth perspective on potential investments.

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