First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Short Interest Update

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the recipient of a large growth in short interest in 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 Price Performance

Shares of NASDAQ:FEM remained flat at $23.29 during midday trading on Wednesday. The stock had a trading volume of 29,882 shares, compared to its average volume of 61,211. The stock’s fifty day moving average is $22.90 and its 200 day moving average is $23.37. First Trust Emerging Markets AlphaDEX Fund has a 12 month low of $20.94 and a 12 month high of $25.38. The firm has a market capitalization of $428.54 million, a PE ratio of 5.06 and a beta of 0.85.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.3247 per share. This is a boost from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.24. This represents a $1.30 annualized dividend and a yield of 5.58%. The ex-dividend date was Thursday, September 26th.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC lifted its holdings in shares of 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 valued at $10,066,000 after acquiring an additional 33,577 shares during the period. Pine Valley Investments Ltd Liability Co grew its stake in First Trust Emerging Markets AlphaDEX Fund by 7.8% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 11,820 shares of the company’s stock worth $283,000 after buying an additional 860 shares during the last quarter. MML Investors Services LLC increased its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 31.7% during the third quarter. MML Investors Services LLC now owns 32,100 shares of the company’s stock worth $769,000 after buying an additional 7,725 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 15.8% in the third quarter. Orion Portfolio Solutions LLC now owns 36,082 shares of the company’s stock valued at $865,000 after acquiring an additional 4,929 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 63.7% in the 3rd quarter. Jane Street Group LLC now owns 102,608 shares of the company’s stock worth $2,458,000 after acquiring an additional 39,918 shares in 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.