Short Interest in First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Decreases By 72.5%

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 46,310 shares, a decline of 72.5% from the April 30th total of 168,304 shares. Based on an average daily trading volume, of 110,090 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of large investors have recently modified their holdings of FEM. Smartleaf Asset Management LLC grew its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 371.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 939 shares of the company’s stock worth $26,000 after buying an additional 740 shares in the last quarter. Signature Equity Partners LLC grew its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 64.0% during the first quarter. Signature Equity Partners LLC now owns 894 shares of the company’s stock worth $27,000 after buying an additional 349 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in shares of First Trust Emerging Markets AlphaDEX Fund during the fourth quarter worth $45,000. Geneos Wealth Management Inc. grew its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 26.8% during the second quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company’s stock worth $47,000 after buying an additional 408 shares in the last quarter. Finally, Parallel Advisors LLC purchased a new stake in shares of First Trust Emerging Markets AlphaDEX Fund during the first quarter worth $59,000.

First Trust Emerging Markets AlphaDEX Fund Trading Down 0.6%

FEM stock opened at $32.91 on Friday. First Trust Emerging Markets AlphaDEX Fund has a 12-month low of $23.40 and a 12-month high of $33.77. The stock has a market cap of $740.48 million, a price-to-earnings ratio of 9.20 and a beta of 0.62. The business’s 50-day moving average is $31.82 and its 200 day moving average is $29.78.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.0334 dividend. This represents a $0.13 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, March 26th.

First Trust Emerging Markets AlphaDEX Fund Company Profile

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.