First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM – Get Free Report) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 137,270 shares, an increase of 262.1% from the August 15th total of 37,914 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 73,105 shares, the days-to-cover ratio is presently 1.9 days.
First Trust Emerging Markets AlphaDEX Fund Trading Up 0.7%
Shares of NASDAQ:FEM traded up $0.22 during trading on Friday, hitting $33.44. 171,340 shares of the company’s stock traded hands, compared to its average volume of 128,446. The company has a 50-day moving average price of $32.15 and a 200-day moving average price of $31.82. First Trust Emerging Markets AlphaDEX Fund has a 52 week low of $25.85 and a 52 week high of $35.61. The company has a market cap of $802.56 million, a price-to-earnings ratio of 9.20 and a beta of 0.61.
First Trust Emerging Markets AlphaDEX Fund Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.1899 dividend. 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. This represents a $0.76 dividend on an annualized basis and a yield of 2.3%.
Institutional Inflows and Outflows
About First Trust Emerging Markets AlphaDEX Fund
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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