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

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a significant growth in short interest in June. As of June 15th, there was short interest totalling 32,400 shares, a growth of 43.4% from the May 31st total of 22,600 shares. Based on an average daily volume of 45,300 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in FEM. Cetera Advisors LLC boosted its holdings in First Trust Emerging Markets AlphaDEX Fund by 2,216.7% in the first quarter. Cetera Advisors LLC now owns 354,854 shares of the company’s stock valued at $8,116,000 after acquiring an additional 339,537 shares during the last quarter. Coppell Advisory Solutions Corp. bought a new position in First Trust Emerging Markets AlphaDEX Fund in the first quarter valued at about $2,647,000. Kingsview Wealth Management LLC boosted its holdings in First Trust Emerging Markets AlphaDEX Fund by 42.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 326,089 shares of the company’s stock valued at $7,216,000 after acquiring an additional 96,619 shares during the last quarter. Cetera Investment Advisers boosted its holdings in First Trust Emerging Markets AlphaDEX Fund by 16.6% in the first quarter. Cetera Investment Advisers now owns 460,439 shares of the company’s stock valued at $10,530,000 after acquiring an additional 65,598 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in First Trust Emerging Markets AlphaDEX Fund in the fourth quarter valued at about $1,327,000.

First Trust Emerging Markets AlphaDEX Fund Stock Down 0.2 %

First Trust Emerging Markets AlphaDEX Fund stock traded down $0.04 during mid-day trading on Monday, hitting $23.90. 67,098 shares of the company were exchanged, compared to its average volume of 60,354. The business has a fifty day moving average of $24.28 and a 200 day moving average of $23.21. First Trust Emerging Markets AlphaDEX Fund has a 1-year low of $19.54 and a 1-year high of $25.38. The company has a market capitalization of $443.35 million, a PE ratio of 5.06 and a beta of 0.85.

First Trust Emerging Markets AlphaDEX Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a $0.2411 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.04%.

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.