First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Short Interest Up 76.8% in September

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 158,200 shares, an increase of 76.8% from the August 31st total of 89,500 shares. Based on an average daily volume of 45,400 shares, the short-interest ratio is presently 3.5 days. Based on an average daily volume of 45,400 shares, the short-interest ratio is presently 3.5 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. raised its position in First Trust Emerging Markets AlphaDEX Fund by 26.8% during the second quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company’s stock valued at $47,000 after buying an additional 408 shares during the period. FSB Premier Wealth Management Inc. boosted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 4.9% during the 2nd quarter. FSB Premier Wealth Management Inc. now owns 9,953 shares of the company’s stock worth $244,000 after acquiring an additional 467 shares in the last quarter. Pinnacle Family Advisors LLC boosted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 6.5% during the 1st quarter. Pinnacle Family Advisors LLC now owns 10,025 shares of the company’s stock worth $229,000 after acquiring an additional 609 shares in the last quarter. Harbour Investments Inc. grew its holdings in First Trust Emerging Markets AlphaDEX Fund by 6.0% in the 2nd quarter. Harbour Investments Inc. now owns 11,994 shares of the company’s stock valued at $295,000 after buying an additional 683 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in First Trust Emerging Markets AlphaDEX Fund by 14.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 7,227 shares of the company’s stock valued at $165,000 after buying an additional 885 shares during the last quarter.

First Trust Emerging Markets AlphaDEX Fund Price Performance

Shares of NASDAQ FEM remained flat at $27.06 during mid-day trading on Monday. The stock had a trading volume of 6,827 shares, compared to its average volume of 60,314. First Trust Emerging Markets AlphaDEX Fund has a twelve month low of $19.74 and a twelve month high of $28.88. The firm has a market cap of $468.14 million, a PE ratio of 9.20 and a beta of 0.85. The business’s 50-day moving average is $26.39 and its 200 day moving average is $24.52.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a dividend of $0.2827 per share. This represents a $1.13 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Thursday, September 25th.

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.