First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Sees Significant Growth in Short Interest

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEMGet Rating) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 90,200 shares, an increase of 51.3% from the August 15th total of 59,600 shares. Based on an average trading volume of 105,500 shares, the short-interest ratio is presently 0.9 days.

First Trust Emerging Markets AlphaDEX Fund Trading Down 1.1 %

Shares of NASDAQ:FEM opened at $20.95 on Friday. The business’s fifty day moving average price is $21.23 and its two-hundred day moving average price is $22.86. First Trust Emerging Markets AlphaDEX Fund has a one year low of $20.00 and a one year high of $28.09.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record on Monday, June 27th were issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 10.31%. The ex-dividend date was Friday, June 24th. This is a boost from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.01.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. First Trust Advisors LP increased its holdings in First Trust Emerging Markets AlphaDEX Fund by 10.3% in the 4th quarter. First Trust Advisors LP now owns 33,944 shares of the company’s stock valued at $886,000 after purchasing an additional 3,160 shares in the last quarter. Bank of America Corp DE grew its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 2.9% during the fourth quarter. Bank of America Corp DE now owns 522,009 shares of the company’s stock valued at $13,620,000 after acquiring an additional 14,768 shares in the last quarter. MAI Capital Management acquired a new stake in shares of First Trust Emerging Markets AlphaDEX Fund during the fourth quarter valued at about $240,000. Cetera Investment Advisers grew its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 3.6% during the fourth quarter. Cetera Investment Advisers now owns 202,142 shares of the company’s stock valued at $5,274,000 after acquiring an additional 6,949 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 10.8% during the fourth quarter. MML Investors Services LLC now owns 182,906 shares of the company’s stock valued at $4,772,000 after acquiring an additional 17,838 shares in the last quarter.

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