First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Short Interest Update

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEMGet 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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Signature Equity Partners LLC raised its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 64.0% in the 1st quarter. Signature Equity Partners LLC now owns 894 shares of the company’s stock valued at $27,000 after purchasing an additional 349 shares during the period. Smartleaf Asset Management LLC increased its holdings in First Trust Emerging Markets AlphaDEX Fund by 371.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 939 shares of the company’s stock worth $26,000 after buying an additional 740 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in First Trust Emerging Markets AlphaDEX Fund by 26.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company’s stock valued at $47,000 after purchasing an additional 408 shares during the last quarter. Parallel Advisors LLC acquired a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the 1st quarter worth approximately $59,000. Finally, MidFirst Bank bought a new position in shares of First Trust Emerging Markets AlphaDEX Fund in the fourth quarter valued at about $63,000.

About First Trust Emerging Markets AlphaDEX Fund

(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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