First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Sees Large Growth in Short Interest

First Trust Latin America AlphaDEX Fund (NASDAQ:FLNGet Free Report) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 13,095 shares, an increase of 90.8% from the July 15th total of 6,865 shares. Based on an average daily trading volume, of 17,292 shares, the short-interest ratio is currently 0.8 days. Approximately 0.9% of the company’s shares are sold short.

First Trust Latin America AlphaDEX Fund Price Performance

NASDAQ FLN traded down $0.16 during trading hours on Friday, reaching $24.47. 30,899 shares of the company’s stock traded hands, compared to its average volume of 20,661. First Trust Latin America AlphaDEX Fund has a 52-week low of $19.65 and a 52-week high of $28.50. The firm has a market cap of $35.48 million, a PE ratio of 9.93 and a beta of 0.76. The firm has a 50-day simple moving average of $25.28 and a 200 day simple moving average of $25.89.

First Trust Latin America AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.2525 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.01 annualized dividend and a yield of 4.1%. This is a positive change from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.23.

Institutional Investors Weigh In On First Trust Latin America AlphaDEX Fund

Several large investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in First Trust Latin America AlphaDEX Fund during the second quarter valued at approximately $35,000. Balboa Wealth Partners bought a new position in First Trust Latin America AlphaDEX Fund in the first quarter worth approximately $204,000. GK Wealth Management LLC purchased a new position in shares of First Trust Latin America AlphaDEX Fund during the 2nd quarter worth $268,000. Cetera Investment Advisers boosted its stake in shares of First Trust Latin America AlphaDEX Fund by 3.1% during the 4th quarter. Cetera Investment Advisers now owns 25,504 shares of the company’s stock worth $578,000 after acquiring an additional 765 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of First Trust Latin America AlphaDEX Fund by 6.5% during the 4th quarter. Farther Finance Advisors LLC now owns 31,891 shares of the company’s stock worth $723,000 after acquiring an additional 1,942 shares during the last quarter.

First Trust Latin America AlphaDEX Fund Company Profile

(Get Free Report)

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.

Further Reading

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