First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM – Get Free Report) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 13,828 shares, a drop of 78.0% from the September 15th total of 62,848 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 114,850 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund
A number of institutional investors have recently bought and sold shares of FEM. Independent Financial Group LLC purchased a new stake in shares of First Trust Emerging Markets AlphaDEX Fund in the first quarter worth approximately $378,000. D.A. Davidson & CO. boosted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 1.4% during the first quarter. D.A. Davidson & CO. now owns 33,395 shares of the company’s stock worth $1,000,000 after purchasing an additional 458 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 1.9% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 617,179 shares of the company’s stock worth $18,487,000 after purchasing an additional 11,746 shares during the period. HBW Advisory Services LLC grew its position in First Trust Emerging Markets AlphaDEX Fund by 2.2% during the first quarter. HBW Advisory Services LLC now owns 23,395 shares of the company’s stock valued at $701,000 after purchasing an additional 499 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its position in First Trust Emerging Markets AlphaDEX Fund by 3.1% during the first quarter. Chicago Partners Investment Group LLC now owns 40,273 shares of the company’s stock valued at $1,326,000 after purchasing an additional 1,205 shares in the last quarter.
First Trust Emerging Markets AlphaDEX Fund Stock Performance
Shares of FEM stock traded up $0.44 on Friday, reaching $33.16. 79,314 shares of the company’s stock traded hands, compared to its average volume of 125,997. First Trust Emerging Markets AlphaDEX Fund has a 12-month low of $25.85 and a 12-month high of $35.61. The company has a market capitalization of $815.74 million, a P/E ratio of 9.20 and a beta of 0.62. The business’s 50 day moving average price is $32.77 and its two-hundred day moving average price is $32.17.
First Trust Emerging Markets AlphaDEX Fund Increases Dividend
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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