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) has seen a significant rise in short interest during January. As of January 15th, the total short interest reached 33,100 shares, marking an 18.6% increase from the previous figure of 27,900 shares reported on December 31st. With an average daily trading volume of 47,900 shares, the current short-interest ratio stands at 0.7 days.

Institutional Investor Activity in First Trust Large Cap Value AlphaDEX Fund

Recent movements from several hedge funds and institutional investors indicate growing interest in the First Trust Large Cap Value AlphaDEX Fund. Trueblood Wealth Management LLC increased its holdings in the fund by 30.1% during the third quarter, totaling 33,608 shares with a value of $2,659,000 after acquiring an additional 7,773 shares. Similarly, Global Retirement Partners LLC raised its stake by 6.7%, now owning 12,180 shares valued at $964,000 after purchasing 764 additional shares. Good Life Advisors LLC entered a new position worth approximately $367,000 during the same quarter, while SeaCrest Wealth Management LLC added a new position valued at around $201,000. Furthermore, Secure Asset Management LLC enhanced its holdings by 2.0% during the third quarter, acquiring an additional 1,102 shares to reach a total of 54,956 shares worth $4,349,000.

First Trust Large Cap Value AlphaDEX Fund Stock Performance

On Friday, the stock of First Trust Large Cap Value AlphaDEX Fund traded down by $0.85, settling at $78.62. The trading volume for the day was 33,309 shares, which is lower than the average volume of 53,905. The fund has a 50-day moving average of $78.85 and a 200-day moving average of $78.40. Notably, the stock has a 52-week low of $69.17 and a high of $83.93. The market capitalization stands at $1.19 billion, with a price-to-earnings ratio of 14.55 and a beta of 1.11.

Dividend Distribution by First Trust Large Cap Value AlphaDEX Fund

Recently, the fund announced a dividend that was paid out on December 31st. Shareholders who held the stock as of December 13th received a dividend of $0.4534. The ex-dividend date was also set for December 13th.

Overview of First Trust Large Cap Value AlphaDEX Fund

The First Trust Large Cap Value AlphaDEX Fund is an exchange-traded fund that tracks the NASDAQ AlphaDEX Large Cap Value index. The fund focuses on selecting and weighting value stocks based on fundamental factors such as sales, book value, and cash flows. This fund was launched on May 8, 2007, and is managed by First Trust.

Future Investment Considerations

Before considering an investment in First Trust Large Cap Value AlphaDEX Fund, it is prudent to review overall market assessments and analyst recommendations. While the fund currently holds a "Hold" rating from analysts, some believe there are more promising investment options available.

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