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

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM – Get Rating) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 186,600 shares, an increase of 107.1% from the April 30th total of 90,100 shares. Based on an average trading volume of 101,300 shares, the short-interest ratio is currently 1.8 days.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James & Associates increased its position in First Trust Emerging Markets AlphaDEX Fund by 1.1% during the first quarter. Raymond James & Associates now owns 93,926 shares of the company’s stock worth $2,361,000 after buying an additional 1,064 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in First Trust Emerging Markets AlphaDEX Fund during the first quarter worth approximately $290,000. HighTower Advisors LLC increased its position in First Trust Emerging Markets AlphaDEX Fund by 136.1% during the first quarter. HighTower Advisors LLC now owns 21,395 shares of the company’s stock worth $540,000 after buying an additional 12,335 shares during the last quarter. UBS Group AG increased its position in First Trust Emerging Markets AlphaDEX Fund by 5.3% during the first quarter. UBS Group AG now owns 485,385 shares of the company’s stock worth $12,203,000 after buying an additional 24,570 shares during the last quarter. Finally, Atria Wealth Solutions Inc. acquired a new position in First Trust Emerging Markets AlphaDEX Fund during the first quarter worth approximately $1,779,000.

First Trust Emerging Markets AlphaDEX Fund Trading Up 1.8 %

Shares of First Trust Emerging Markets AlphaDEX Fund stock traded up $0.36 during trading on Friday, reaching $20.62. The stock had a trading volume of 40,499 shares, compared to its average volume of 114,990. The company has a market capitalization of $417.56 million, a price-to-earnings ratio of 5.00 and a beta of 0.85. The stock has a fifty day moving average price of $21.29 and a two-hundred day moving average price of $21.35. First Trust Emerging Markets AlphaDEX Fund has a 52 week low of $18.20 and a 52 week high of $24.52.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Monday, March 27th were given a $0.043 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend was Friday, March 24th.

First Trust Emerging Markets AlphaDEX Fund Company Profile

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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.