First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Sees Large Growth in Short Interest

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 150,600 shares, a growth of 2,329.0% from the November 15th total of 6,200 shares. Based on an average trading volume of 64,600 shares, the days-to-cover ratio is currently 2.3 days.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

First Trust Emerging Markets AlphaDEX Fund stock remained flat at $23.29 during midday trading on Wednesday. 29,882 shares of the company were exchanged, compared to its average volume of 61,211. First Trust Emerging Markets AlphaDEX Fund has a 1 year low of $20.94 and a 1 year high of $25.38. The firm has a market cap of $428.54 million, a price-to-earnings ratio of 5.06 and a beta of 0.85. The firm has a fifty day moving average of $22.90 and a two-hundred day moving average of $23.37.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.3247 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.58%. This is a positive change from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its holdings in First Trust Emerging Markets AlphaDEX Fund by 19,213.2% in the third quarter. International Assets Investment Management LLC now owns 828,343 shares of the company’s stock worth $198,470,000 after buying an additional 824,054 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 2.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 529,699 shares of the company’s stock valued at $12,681,000 after purchasing an additional 12,052 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in First Trust Emerging Markets AlphaDEX Fund by 1.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 492,709 shares of the company’s stock worth $11,795,000 after purchasing an additional 8,046 shares in the last quarter. Sanctuary Advisors LLC increased its position in First Trust Emerging Markets AlphaDEX Fund by 8.1% during the third quarter. Sanctuary Advisors LLC now owns 450,578 shares of the company’s stock worth $10,066,000 after buying an additional 33,577 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 279,734 shares of the company’s stock valued at $6,697,000 after acquiring an additional 4,923 shares during the last quarter.

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.