Short Interest in First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Grows By 1,689.6%

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 85,900 shares, a growth of 1,689.6% from the February 28th total of 4,800 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 82,300 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

Institutional investors and hedge funds have recently modified their holdings of the business. HBW Advisory Services LLC bought a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the fourth quarter worth approximately $245,000. Pine Valley Investments Ltd Liability Co raised its holdings in First Trust Emerging Markets AlphaDEX Fund by 7.8% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 11,820 shares of the company’s stock valued at $283,000 after acquiring an additional 860 shares in the last quarter. Jane Street Group LLC lifted its position in shares of First Trust Emerging Markets AlphaDEX Fund by 63.7% during the 3rd quarter. Jane Street Group LLC now owns 102,608 shares of the company’s stock valued at $2,458,000 after acquiring an additional 39,918 shares during the period. Stifel Financial Corp grew its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 11.1% during the 3rd quarter. Stifel Financial Corp now owns 45,515 shares of the company’s stock worth $1,091,000 after purchasing an additional 4,555 shares in the last quarter. Finally, MML Investors Services LLC increased its position in shares of First Trust Emerging Markets AlphaDEX Fund by 31.7% in the third quarter. MML Investors Services LLC now owns 32,100 shares of the company’s stock worth $769,000 after purchasing an additional 7,725 shares during the period.

First Trust Emerging Markets AlphaDEX Fund Trading Up 0.8 %

NASDAQ:FEM traded up $0.19 on Thursday, hitting $23.30. The company’s stock had a trading volume of 4,049 shares, compared to its average volume of 62,402. The firm has a market capitalization of $405.44 million, a P/E ratio of 7.52 and a beta of 0.85. The stock has a fifty day moving average of $22.66 and a two-hundred day moving average of $22.71. First Trust Emerging Markets AlphaDEX Fund has a one year low of $21.07 and a one year high of $25.38.

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.