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

The First Trust Large Cap Value AlphaDEX Fund (NASDAQ:FTA) experienced a notable rise in short interest during January. By January 15th, the total short interest had reached 33,100 shares, marking an increase of 18.6% from the 27,900 shares recorded on December 31st. Given the average daily trading volume of 47,900 shares, the short-interest ratio now stands at 0.7 days.

Investors Look Into First Trust Large Cap Value AlphaDEX Fund

Several hedge funds and institutional investors have recently made moves regarding their holdings in the First Trust Large Cap Value AlphaDEX Fund. Trueblood Wealth Management LLC raised its stake in the fund by 30.1% in the third quarter, now owning 33,608 shares valued at approximately $2,659,000 after acquiring an additional 7,773 shares. Similarly, Global Retirement Partners LLC increased its investment by 6.7% during the same period, bringing its total ownership to 12,180 shares worth $964,000, following the addition of 764 shares. Good Life Advisors LLC took a new position valued at around $367,000, while SeaCrest Wealth Management LLC also bought shares in this fund amounting to roughly $201,000 during the third quarter. Additionally, Secure Asset Management LLC boosted its holdings by 2.0%, holding 54,956 shares valued at $4,349,000 after a recent purchase of 1,102 shares.

Performance of First Trust Large Cap Value AlphaDEX Fund

As of recent trading, the NASDAQ FTA saw a decline of $0.85 to reach $78.62. The trading volume stood at 33,309 shares, below the average of 53,905 shares. The fund's 50-day moving average is $78.85, while the 200-day average is $78.40. Over the past year, the fund has recorded a low of $69.17 and a high of $83.93. With a market capitalization of $1.19 billion, the fund's price-to-earnings ratio sits at 14.55, and it carries a beta of 1.11, indicating its volatility in relation to the market.

Recent Dividend Payment by First Trust Large Cap Value AlphaDEX Fund

Recently, the fund announced a dividend which was disbursed on December 31st. Shareholders on record as of December 13th received a dividend of $0.4534, with the ex-dividend date also set for December 13th.

Overview of First Trust Large Cap Value AlphaDEX Fund

The First Trust Large Cap Value AlphaDEX Fund (FTA) operates as an exchange-traded fund (ETF) that tracks the NASDAQ AlphaDEX Large Cap Value index. This fund selects and weighs value stocks based on fundamental factors such as sales, book value, and cash flows. The inception of FTA occurred on May 8, 2007, and it is managed by First Trust.

Considerations for Investors

If you're contemplating investing in the First Trust Large Cap Value AlphaDEX Fund, it's essential to consider other options as well. Analysts have highlighted stocks that may present better investment opportunities compared to FTA. While the fund currently holds a "Hold" rating among analysts, other selections may prove more promising.

Interest, Fund, Stocks