Short Interest in First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Drops By 86.5%

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the recipient of a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 36,733 shares, a decrease of 86.5% from the January 29th total of 271,629 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 267,004 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 267,004 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are sold short.

First Trust Emerging Markets AlphaDEX Fund Stock Up 1.3%

Shares of NASDAQ:FEM opened at $31.70 on Thursday. First Trust Emerging Markets AlphaDEX Fund has a 12-month low of $19.74 and a 12-month high of $32.98. The business has a 50 day moving average of $29.19 and a 200-day moving average of $27.62. The stock has a market cap of $575.36 million, a PE ratio of 9.20 and a beta of 0.64.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.2092 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 371.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 939 shares of the company’s stock valued at $26,000 after acquiring an additional 740 shares in the last quarter. Sound Income Strategies LLC acquired a new stake in First Trust Emerging Markets AlphaDEX Fund in the 4th quarter worth about $45,000. Geneos Wealth Management Inc. boosted its holdings in First Trust Emerging Markets AlphaDEX Fund by 26.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company’s stock valued at $47,000 after purchasing an additional 408 shares during the period. Rossby Financial LCC grew its position in shares of 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. Finally, MidFirst Bank bought a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the fourth quarter worth approximately $63,000.

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.