Short Interest in First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Decreases By 84.4%

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totalling 2,900 shares, a decrease of 84.4% from the December 31st total of 18,600 shares. Based on an average trading volume of 72,900 shares, the short-interest ratio is currently 0.0 days.

First Trust Emerging Markets AlphaDEX Fund Trading Down 0.1 %

FEM stock traded down $0.02 during mid-day trading on Wednesday, reaching $22.10. The company’s stock had a trading volume of 84,149 shares, compared to its average volume of 98,636. First Trust Emerging Markets AlphaDEX Fund has a 12 month low of $21.07 and a 12 month high of $25.38. The business’s 50 day moving average price is $22.32 and its 200 day moving average price is $22.84. The company has a market cap of $384.54 million, a price-to-earnings ratio of 5.06 and a beta of 0.85.

First Trust Emerging Markets AlphaDEX Fund Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.1449 dividend. The ex-dividend date was Friday, December 13th.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Gateway Wealth Partners LLC grew its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 5.0% during the second quarter. Gateway Wealth Partners LLC now owns 30,327 shares of the company’s stock valued at $726,000 after buying an additional 1,437 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in First Trust Emerging Markets AlphaDEX Fund during the 2nd quarter valued at about $9,833,000. Concourse Financial Group Securities Inc. boosted its stake in First Trust Emerging Markets AlphaDEX Fund by 18.5% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 26,985 shares of the company’s stock valued at $647,000 after purchasing an additional 4,205 shares during the last quarter. Iams Wealth Management LLC increased its holdings in First Trust Emerging Markets AlphaDEX Fund by 20.5% during the 3rd quarter. Iams Wealth Management LLC now owns 26,765 shares of the company’s stock worth $641,000 after purchasing an additional 4,550 shares in the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 7.4% in the third quarter. Private Advisor Group LLC now owns 169,011 shares of the company’s stock worth $4,050,000 after purchasing an additional 11,655 shares during the last quarter.

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.