First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Sees Significant Drop in Short Interest

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the target of a large decline in short interest in July. As of July 15th, there was short interest totaling 6,865 shares, a decline of 66.7% from the June 30th total of 20,622 shares. Based on an average daily trading volume, of 13,558 shares, the short-interest ratio is presently 0.5 days. Currently, 0.5% of the shares of the company are sold short.

Institutional Trading of First Trust Latin America AlphaDEX Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in First Trust Latin America AlphaDEX Fund in the 2nd quarter worth about $35,000. Balboa Wealth Partners bought a new stake in shares of First Trust Latin America AlphaDEX Fund during the first quarter valued at about $204,000. Triad Wealth Partners LLC bought a new stake in shares of First Trust Latin America AlphaDEX Fund during the fourth quarter valued at about $238,000. GK Wealth Management LLC bought a new stake in shares of First Trust Latin America AlphaDEX Fund during the second quarter valued at about $268,000. Finally, Cetera Investment Advisers lifted its holdings in shares of First Trust Latin America AlphaDEX Fund by 3.1% in the fourth quarter. Cetera Investment Advisers now owns 25,504 shares of the company’s stock worth $578,000 after buying an additional 765 shares in the last quarter.

First Trust Latin America AlphaDEX Fund Price Performance

Shares of FLN stock opened at $25.58 on Friday. The stock has a market capitalization of $37.09 million, a price-to-earnings ratio of 9.93 and a beta of 0.76. The company’s fifty day simple moving average is $25.29 and its two-hundred day simple moving average is $25.75. First Trust Latin America AlphaDEX Fund has a 1 year low of $18.51 and a 1 year high of $28.50.

First Trust Latin America AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.2525 dividend. This represents a $1.01 annualized dividend and a dividend yield of 3.9%. This is a boost from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, June 25th.

About First Trust Latin America AlphaDEX Fund

The First Trust Latin America AlphaDEX Fund (FLN) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Latin America index. The fund tracks an index of Latin American firms screened based on a proprietary methodology, using various factors and weighted in tiers. FLN was launched on Apr 18, 2011 and is managed by First Trust.