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

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 4,800 shares, a growth of 380.0% from the February 13th total of 1,000 shares. Based on an average trading volume of 81,000 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN lifted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 1.2% during the 4th quarter. Wells Fargo & Company MN now owns 1,332,636 shares of the company’s stock valued at $29,356,000 after purchasing an additional 16,207 shares during the last quarter. Bank of America Corp DE raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 64.1% in the 4th quarter. Bank of America Corp DE now owns 1,039,178 shares of the company’s stock valued at $22,892,000 after purchasing an additional 405,760 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 2.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 569,208 shares of the company’s stock valued at $12,539,000 after purchasing an additional 13,754 shares during the last quarter. Envestnet Asset Management Inc. grew its position in First Trust Emerging Markets AlphaDEX Fund by 2.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 545,663 shares of the company’s stock worth $12,020,000 after purchasing an additional 12,493 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its stake in First Trust Emerging Markets AlphaDEX Fund by 3.9% during the 4th quarter. Sanctuary Advisors LLC now owns 468,075 shares of the company’s stock valued at $10,468,000 after purchasing an additional 17,497 shares in the last quarter.

First Trust Emerging Markets AlphaDEX Fund Stock Up 0.5 %

NASDAQ:FEM traded up $0.12 during midday trading on Wednesday, hitting $23.01. The stock had a trading volume of 168,876 shares, compared to its average volume of 62,124. First Trust Emerging Markets AlphaDEX Fund has a one year low of $21.07 and a one year high of $25.38. The company has a market capitalization of $400.37 million, a price-to-earnings ratio of 7.07 and a beta of 0.85. The stock has a 50-day moving average of $22.33 and a 200 day moving average of $22.68.

First Trust Emerging Markets AlphaDEX Fund Announces Dividend

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

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.