Short Interest in First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Increases By 125.0%

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 900 shares, an increase of 125.0% from the October 15th total of 400 shares. Based on an average daily volume of 5,300 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of First Trust Latin America AlphaDEX Fund

Several large investors have recently made changes to their positions in FLN. Jane Street Group LLC lifted its holdings in First Trust Latin America AlphaDEX Fund by 27.7% in the 3rd quarter. Jane Street Group LLC now owns 69,053 shares of the company’s stock valued at $1,246,000 after purchasing an additional 14,960 shares in the last quarter. Cottonwood Capital Advisors LLC raised its position in shares of First Trust Latin America AlphaDEX Fund by 53.3% in the third quarter. Cottonwood Capital Advisors LLC now owns 27,906 shares of the company’s stock valued at $503,000 after buying an additional 9,703 shares during the last quarter. Finally, Horizon Advisory Services Inc. lifted its stake in shares of First Trust Latin America AlphaDEX Fund by 3.2% in the second quarter. Horizon Advisory Services Inc. now owns 22,133 shares of the company’s stock worth $390,000 after buying an additional 691 shares in the last quarter.

First Trust Latin America AlphaDEX Fund Price Performance

First Trust Latin America AlphaDEX Fund stock traded down $0.02 during midday trading on Friday, reaching $16.75. The company had a trading volume of 3,644 shares, compared to its average volume of 18,238. First Trust Latin America AlphaDEX Fund has a 12-month low of $16.41 and a 12-month high of $21.07. The company has a market capitalization of $16.75 million, a P/E ratio of 5.99 and a beta of 1.09. The firm’s fifty day simple moving average is $17.61 and its 200-day simple moving average is $18.29.

First Trust Latin America AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.3823 dividend. This represents a $1.53 annualized dividend and a dividend yield of 9.13%. The ex-dividend date was Thursday, September 26th. This is an increase from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.19.

First Trust Latin America AlphaDEX Fund Company Profile

The First Trust Latin America AlphaDEX Fund (FLN) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Latin America index. The fund tracks an index of Latin American firms screened based on a proprietary methodology, using various factors and weighted in tiers. FLN was launched on Apr 18, 2011 and is managed by First Trust.