Short Interest in First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Decreases By 85.9%

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEMGet Rating) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 95,500 shares, a decline of 85.9% from the March 15th total of 676,500 shares. Based on an average daily trading volume, of 96,900 shares, the days-to-cover ratio is currently 1.0 days.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Kingsview Wealth Management LLC grew its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 4.2% during the third quarter. Kingsview Wealth Management LLC now owns 59,382 shares of the company’s stock worth $1,599,000 after buying an additional 2,407 shares during the last quarter. WealthPLAN Partners LLC lifted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 2.4% during the third quarter. WealthPLAN Partners LLC now owns 27,462 shares of the company’s stock worth $713,000 after purchasing an additional 654 shares during the period. Cetera Investment Advisers lifted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 5.8% during the third quarter. Cetera Investment Advisers now owns 195,193 shares of the company’s stock worth $5,257,000 after purchasing an additional 10,622 shares during the period. MML Investors Services LLC lifted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 126.9% during the third quarter. MML Investors Services LLC now owns 165,068 shares of the company’s stock worth $4,445,000 after purchasing an additional 92,312 shares during the period. Finally, EPG Wealth Management LLC lifted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 3.2% during the third quarter. EPG Wealth Management LLC now owns 28,422 shares of the company’s stock worth $765,000 after purchasing an additional 890 shares during the period.

Shares of NASDAQ FEM traded up $0.32 during midday trading on Wednesday, reaching $25.46. 790 shares of the company were exchanged, compared to its average volume of 96,587. The stock’s 50-day moving average price is $25.54 and its 200-day moving average price is $25.94. First Trust Emerging Markets AlphaDEX Fund has a one year low of $22.63 and a one year high of $29.24.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Monday, March 28th were paid a dividend of $0.014 per share. The ex-dividend date of this dividend was Friday, March 25th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.22%.

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