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 decline in short interest in the month of May. As of May 31st, there was short interest totalling 41,100 shares, a decline of 52.4% from the May 15th total of 86,400 shares. Based on an average daily trading volume, of 62,100 shares, the short-interest ratio is presently 0.7 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

A number of large investors have recently bought and sold shares of FEM. Wells Fargo & Company MN boosted its holdings in First Trust Emerging Markets AlphaDEX Fund by 1.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,332,636 shares of the company’s stock valued at $29,356,000 after acquiring an additional 16,207 shares during the last quarter. Bank of America Corp DE grew its stake in First Trust Emerging Markets AlphaDEX Fund by 64.1% in the fourth 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 in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 0.7% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 573,292 shares of the company’s stock worth $13,105,000 after acquiring an additional 4,084 shares during the period. Envestnet Asset Management Inc. boosted its stake in First Trust Emerging Markets AlphaDEX Fund by 3.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 561,927 shares of the company’s stock valued at $12,845,000 after purchasing an additional 16,264 shares during the period. Finally, Sanctuary Advisors LLC boosted its stake in First Trust Emerging Markets AlphaDEX Fund by 3.9% in 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 during the period.

First Trust Emerging Markets AlphaDEX Fund Trading Down 0.9%

NASDAQ:FEM traded down $0.21 on Friday, hitting $24.48. 111,108 shares of the company’s stock traded hands, compared to its average volume of 66,248. The company has a market cap of $414.94 million, a PE ratio of 8.45 and a beta of 0.85. The firm has a 50-day moving average price of $23.09 and a 200-day moving average price of $22.70. First Trust Emerging Markets AlphaDEX Fund has a 1 year low of $19.74 and a 1 year high of $24.69.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.0393 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.64%.

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.