Short Interest in First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Increases By 1,689.6%

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 85,900 shares, a growth of 1,689.6% from the February 28th total of 4,800 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average trading volume of 82,300 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC raised its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 33.1% in the 4th quarter. Larson Financial Group LLC now owns 1,943 shares of the company’s stock worth $43,000 after purchasing an additional 483 shares during the period. Pine Valley Investments Ltd Liability Co increased its position in First Trust Emerging Markets AlphaDEX Fund by 4.4% in the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 12,339 shares of the company’s stock worth $272,000 after buying an additional 519 shares during the last quarter. Tucker Asset Management LLC increased its position in First Trust Emerging Markets AlphaDEX Fund by 23.3% in the fourth quarter. Tucker Asset Management LLC now owns 3,241 shares of the company’s stock worth $71,000 after buying an additional 612 shares during the last quarter. Great Valley Advisor Group Inc. lifted its position in shares of First Trust Emerging Markets AlphaDEX Fund by 9.0% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 11,657 shares of the company’s stock valued at $279,000 after buying an additional 961 shares during the last quarter. Finally, D.A. Davidson & CO. grew its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 3.1% during the 4th quarter. D.A. Davidson & CO. now owns 32,257 shares of the company’s stock worth $711,000 after acquiring an additional 974 shares during the period.

First Trust Emerging Markets AlphaDEX Fund Price Performance

Shares of First Trust Emerging Markets AlphaDEX Fund stock opened at $23.24 on Friday. The firm has a market cap of $404.38 million, a PE ratio of 7.52 and a beta of 0.85. First Trust Emerging Markets AlphaDEX Fund has a 1 year low of $21.07 and a 1 year high of $25.38. The stock has a fifty day moving average price of $22.69 and a 200-day moving average price of $22.71.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be issued a dividend of $0.0393 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.16 dividend on an annualized basis and a yield of 0.68%.

First Trust Emerging Markets AlphaDEX Fund Company Profile

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.