First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Short Interest Up 39.8% in January

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 48,228 shares, an increase of 39.8% from the January 15th total of 34,499 shares. Currently, 5.1% of the shares of the company are sold short. Based on an average daily trading volume, of 21,676 shares, the short-interest ratio is currently 2.2 days. Based on an average daily trading volume, of 21,676 shares, the short-interest ratio is currently 2.2 days. Currently, 5.1% of the shares of the company are sold short.

First Trust Latin America AlphaDEX Fund Trading Down 0.6%

Shares of NASDAQ FLN traded down $0.17 during trading on Tuesday, reaching $26.43. 1,925 shares of the company traded hands, compared to its average volume of 20,206. The stock has a market cap of $25.10 million, a P/E ratio of 9.93 and a beta of 0.91. The firm’s fifty day simple moving average is $24.34 and its 200 day simple moving average is $22.28. First Trust Latin America AlphaDEX Fund has a 12-month low of $15.75 and a 12-month high of $28.50.

First Trust Latin America AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.3093 dividend. This represents a $1.24 annualized dividend and a dividend yield of 4.7%. This is a positive change from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, December 12th.

Hedge Funds Weigh In On First Trust Latin America AlphaDEX Fund

A number of institutional investors and hedge funds have recently modified their holdings of FLN. LPL Financial LLC raised its stake in shares of First Trust Latin America AlphaDEX Fund by 65.3% during the 4th quarter. LPL Financial LLC now owns 103,194 shares of the company’s stock worth $2,341,000 after buying an additional 40,773 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of First Trust Latin America AlphaDEX Fund by 6.5% during the fourth quarter. Farther Finance Advisors LLC now owns 31,891 shares of the company’s stock valued at $723,000 after acquiring an additional 1,942 shares in the last quarter. Cottonwood Capital Advisors LLC raised its stake in shares of First Trust Latin America AlphaDEX Fund by 8.8% in the 3rd quarter. Cottonwood Capital Advisors LLC now owns 30,495 shares of the company’s stock valued at $653,000 after purchasing an additional 2,457 shares in the last quarter. Envestnet Asset Management Inc. acquired a new position in First Trust Latin America AlphaDEX Fund in the second quarter worth about $530,000. Finally, Cetera Investment Advisers bought a new stake in First Trust Latin America AlphaDEX Fund in the second quarter valued at about $523,000.

About First Trust Latin America AlphaDEX Fund

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.