First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Short Interest Up 101.3% in December

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 113,598 shares, a growth of 101.3% from the December 15th total of 56,441 shares. Based on an average daily trading volume, of 31,491 shares, the days-to-cover ratio is currently 3.6 days. Currently, 0.6% of the shares of the stock are short sold. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 31,491 shares, the days-to-cover ratio is currently 3.6 days.

First Trust Emerging Markets AlphaDEX Fund Trading Down 0.7%

Shares of First Trust Emerging Markets AlphaDEX Fund stock opened at $28.87 on Friday. First Trust Emerging Markets AlphaDEX Fund has a 52 week low of $19.74 and a 52 week high of $29.19. The stock has a market cap of $505.23 million, a PE ratio of 9.20 and a beta of 0.64. The company’s 50-day moving average price is $27.39 and its two-hundred day moving average price is $26.60.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.2092 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.84 annualized dividend and a yield of 2.9%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Balboa Wealth Partners purchased a new position in First Trust Emerging Markets AlphaDEX Fund in the 4th quarter worth about $229,000. Susquehanna International Group LLP lifted its stake in First Trust Emerging Markets AlphaDEX Fund by 9.1% during the third quarter. Susquehanna International Group LLP now owns 27,268 shares of the company’s stock valued at $739,000 after buying an additional 2,281 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 41.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 9,527 shares of the company’s stock worth $258,000 after buying an additional 2,795 shares during the period. Mariner LLC increased its position in shares of First Trust Emerging Markets AlphaDEX Fund by 25.3% in the third quarter. Mariner LLC now owns 11,368 shares of the company’s stock worth $308,000 after acquiring an additional 2,295 shares in the last quarter. Finally, Equitable Holdings Inc. purchased a new position in shares of First Trust Emerging Markets AlphaDEX Fund in the third quarter worth approximately $237,000.

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.