Short Interest in First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Drops By 44.4%

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the recipient of a large decline in short interest in the month of February. As of February 15th, there was short interest totalling 1,000 shares, a decline of 44.4% from the January 31st total of 1,800 shares. Based on an average daily trading volume, of 83,000 shares, the short-interest ratio is currently 0.0 days.

First Trust Emerging Markets AlphaDEX Fund Trading Down 0.4 %

FEM traded down $0.09 on Monday, hitting $22.24. The company had a trading volume of 44,990 shares, compared to its average volume of 60,988. The firm has a market cap of $381.42 million, a P/E ratio of 7.07 and a beta of 0.86. First Trust Emerging Markets AlphaDEX Fund has a 1 year low of $21.07 and a 1 year high of $25.38. The company’s fifty day moving average price is $22.26 and its 200 day moving average price is $22.70.

First Trust Emerging Markets AlphaDEX Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.1449 dividend. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of FEM. Larson Financial Group LLC increased its stake in First Trust Emerging Markets AlphaDEX Fund by 33.1% during the fourth quarter. Larson Financial Group LLC now owns 1,943 shares of the company’s stock worth $43,000 after purchasing an additional 483 shares during the period. Synergy Investment Management LLC purchased a new stake in First Trust Emerging Markets AlphaDEX Fund during the fourth quarter worth about $69,000. Tucker Asset Management LLC increased its stake in First Trust Emerging Markets AlphaDEX Fund by 23.3% during the fourth quarter. Tucker Asset Management LLC now owns 3,241 shares of the company’s stock worth $71,000 after purchasing an additional 612 shares during the period. Jones Financial Companies Lllp increased its stake in First Trust Emerging Markets AlphaDEX Fund by 615.3% during the fourth quarter. Jones Financial Companies Lllp now owns 5,644 shares of the company’s stock worth $124,000 after purchasing an additional 4,855 shares during the period. Finally, Virtu Financial LLC purchased a new stake in First Trust Emerging Markets AlphaDEX Fund during the fourth quarter worth about $206,000.

First Trust Emerging Markets AlphaDEX Fund Company Profile

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.