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 increase in short interest in June. As of June 15th, there was short interest totalling 32,400 shares, an increase of 43.4% from the May 31st total of 22,600 shares. Based on an average trading volume of 45,300 shares, the short-interest ratio is currently 0.7 days.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

Shares of First Trust Emerging Markets AlphaDEX Fund stock traded down $0.04 on Monday, hitting $23.90. The company had a trading volume of 67,098 shares, compared to its average volume of 60,354. The stock has a market capitalization of $443.35 million, a price-to-earnings ratio of 5.06 and a beta of 0.85. First Trust Emerging Markets AlphaDEX Fund has a 1 year low of $19.54 and a 1 year high of $25.38. The stock has a 50 day moving average of $24.28 and a 200-day moving average of $23.21.

First Trust Emerging Markets AlphaDEX Fund Dividend Announcement

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

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Atria Wealth Solutions Inc. increased its position in shares of First Trust Emerging Markets AlphaDEX Fund by 3.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 20,833 shares of the company’s stock valued at $461,000 after acquiring an additional 714 shares during the last quarter. Golden State Equity Partners purchased a new stake in shares of First Trust Emerging Markets AlphaDEX Fund during the fourth quarter valued at approximately $390,000. International Assets Investment Management LLC purchased a new stake in shares of First Trust Emerging Markets AlphaDEX Fund during the fourth quarter valued at approximately $1,327,000. Luken Investment Analytics LLC increased its position in First Trust Emerging Markets AlphaDEX Fund by 2.8% in the fourth quarter. Luken Investment Analytics LLC now owns 413,057 shares of the company’s stock worth $9,141,000 after buying an additional 11,418 shares during the last quarter. Finally, Raymond James & Associates increased its position in First Trust Emerging Markets AlphaDEX Fund by 2.8% in the fourth quarter. Raymond James & Associates now owns 78,085 shares of the company’s stock worth $1,728,000 after buying an additional 2,090 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.