First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Sees Large Decline in Short Interest

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 1,563 shares, a decline of 37.1% from the February 26th total of 2,486 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 35,595 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On First Trust Latin America AlphaDEX Fund

A number of large investors have recently bought and sold shares of the business. Cetera Investment Advisers boosted its stake in First Trust Latin America AlphaDEX Fund by 3.1% in the fourth quarter. Cetera Investment Advisers now owns 25,504 shares of the company’s stock valued at $578,000 after acquiring an additional 765 shares during the period. LPL Financial LLC lifted its holdings in shares of First Trust Latin America AlphaDEX Fund by 65.3% in the 4th quarter. LPL Financial LLC now owns 103,194 shares of the company’s stock worth $2,341,000 after purchasing an additional 40,773 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of First Trust Latin America AlphaDEX Fund by 6.5% in the 4th quarter. Farther Finance Advisors LLC now owns 31,891 shares of the company’s stock worth $723,000 after purchasing an additional 1,942 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in First Trust Latin America AlphaDEX Fund during the 4th quarter valued at approximately $238,000. Finally, Cottonwood Capital Advisors LLC boosted its position in First Trust Latin America AlphaDEX Fund by 8.8% during 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 during the period.

First Trust Latin America AlphaDEX Fund Stock Down 0.9%

Shares of NASDAQ:FLN traded down $0.22 on Friday, reaching $24.56. 11,566 shares of the company’s stock were exchanged, compared to its average volume of 28,096. The firm has a market capitalization of $23.33 million, a price-to-earnings ratio of 9.93 and a beta of 0.91. First Trust Latin America AlphaDEX Fund has a fifty-two week low of $15.75 and a fifty-two week high of $28.50. The business’s 50-day moving average is $25.91 and its two-hundred day moving average is $23.40.

First Trust Latin America AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 26th will be given a dividend of $0.2349 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Thursday, March 26th.

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.