First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Sees Significant Decline in Short Interest

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN – Get Free Report) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 6,865 shares, a drop of 66.7% from the June 30th total of 20,622 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 13,558 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On First Trust Latin America AlphaDEX Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in First Trust Latin America AlphaDEX Fund during the second quarter worth approximately $35,000. Balboa Wealth Partners acquired a new stake in First Trust Latin America AlphaDEX Fund during the first quarter worth approximately $204,000. Triad Wealth Partners LLC purchased a new stake in shares of First Trust Latin America AlphaDEX Fund during the 4th quarter worth approximately $238,000. GK Wealth Management LLC purchased a new stake in First Trust Latin America AlphaDEX Fund in the second quarter valued at $268,000. Finally, Cetera Investment Advisers acquired a new stake in shares of First Trust Latin America AlphaDEX Fund in the 2nd quarter valued at about $523,000.

Get First Trust Latin America AlphaDEX Fund alerts:

First Trust Latin America AlphaDEX Fund Stock Up 0.5%

NASDAQ FLN traded up $0.13 during trading hours on Monday, hitting $25.70. 14,869 shares of the company were exchanged, compared to its average volume of 21,096. The firm has a market cap of $37.27 million, a price-to-earnings ratio of 9.93 and a beta of 0.76. The company has a 50 day moving average of $25.29 and a two-hundred day moving average of $25.76. First Trust Latin America AlphaDEX Fund has a 52-week low of $18.51 and a 52-week high of $28.50.

First Trust Latin America AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.2525 dividend. This represents a $1.01 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.23.

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.

Featured Stories

• Five stocks we like better than First Trust Latin America AlphaDEX Fund
• AirJoule’s Kubota Deal Is a Major Validation—But the Hard Part Comes Next
• Dividend Stocks May Be the Quiet Rotation Trade Investors Are Missing Now
• Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There?
• Verizon May Be an AI Infrastructure Stock Hiding in Plain Sight

Receive News & Ratings for First Trust Latin America AlphaDEX Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Latin America AlphaDEX Fund and related companies with MarketBeat.com's FREE daily email newsletter.