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

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEMGet Free Report) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 74,415 shares, an increase of 126.9% from the June 30th total of 32,802 shares. Based on an average trading volume of 125,117 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the shares of the company are sold short.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

A number of large investors have recently modified their holdings of the stock. Dynamic Advisor Solutions LLC purchased a new position in shares of First Trust Emerging Markets AlphaDEX Fund in the 2nd quarter valued at about $716,000. Rathbones Group PLC increased its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 29.4% in the 1st quarter. Rathbones Group PLC now owns 59,637 shares of the company’s stock valued at $1,786,000 after acquiring an additional 13,558 shares during the period. Pine Valley Investments Ltd Liability Co increased its stake in First Trust Emerging Markets AlphaDEX Fund by 5.1% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 14,470 shares of the company’s stock valued at $433,000 after purchasing an additional 707 shares during the period. Parallel Advisors LLC purchased a new position in First Trust Emerging Markets AlphaDEX Fund during the 1st quarter worth $59,000. Finally, Bank of America Corp DE lifted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 24.4% in the 1st quarter. Bank of America Corp DE now owns 1,303,530 shares of the company’s stock worth $39,045,000 after acquiring an additional 255,989 shares during the period.

First Trust Emerging Markets AlphaDEX Fund Stock Down 1.7%

Shares of First Trust Emerging Markets AlphaDEX Fund stock traded down $0.53 on Tuesday, hitting $30.54. 9,851 shares of the company were exchanged, compared to its average volume of 136,337. The stock has a market capitalization of $732.96 million, a price-to-earnings ratio of 9.20 and a beta of 0.60. The company has a 50-day moving average price of $31.96 and a 200 day moving average price of $31.17. First Trust Emerging Markets AlphaDEX Fund has a 1-year low of $24.69 and a 1-year high of $35.61.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.1899 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, June 25th. This is an increase from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.03.

First Trust Emerging Markets AlphaDEX Fund Company Profile

(Get Free Report)

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.

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