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

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 113,598 shares, an increase of 101.3% from the December 15th total of 56,441 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 31,491 shares, the days-to-cover ratio is presently 3.6 days. Based on an average trading volume of 31,491 shares, the days-to-cover ratio is presently 3.6 days. Approximately 0.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its position in shares of First Trust Emerging Markets AlphaDEX Fund by 26.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company’s stock worth $47,000 after acquiring an additional 408 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in First Trust Emerging Markets AlphaDEX Fund in the 2nd quarter worth approximately $51,000. Rossby Financial LCC grew its position in First Trust Emerging Markets AlphaDEX Fund by 34.7% during the 3rd quarter. Rossby Financial LCC now owns 2,250 shares of the company’s stock worth $61,000 after purchasing an additional 580 shares in the last quarter. Ameritas Advisory Services LLC acquired a new stake in First Trust Emerging Markets AlphaDEX Fund during the 2nd quarter valued at $115,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of First Trust Emerging Markets AlphaDEX Fund in the first quarter valued at $165,000.

First Trust Emerging Markets AlphaDEX Fund Stock Up 0.7%

Shares of NASDAQ FEM opened at $28.97 on Thursday. The stock’s fifty day simple moving average is $27.32 and its 200 day simple moving average is $26.56. The stock has a market capitalization of $506.98 million, a price-to-earnings ratio of 9.20 and a beta of 0.64. First Trust Emerging Markets AlphaDEX Fund has a 52-week low of $19.74 and a 52-week high of $29.00.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.2092 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.84 dividend on an annualized basis and a yield of 2.9%.

About First Trust Emerging Markets AlphaDEX Fund

The First Trust Emerging Markets AlphaDEX Fund (FEM) is an exchange-traded fund that is based on the NASDAQ AlphaDEX EM index. The fund tracks an index of emerging markets companies selected using a quantitative methodology and weighted in tiers. FEM was launched on Apr 18, 2011 and is managed by First Trust.