First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Short Interest Update

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 273,552 shares, a growth of 474.3% from the May 31st total of 47,635 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average daily volume of 107,233 shares, the short-interest ratio is presently 2.6 days.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC acquired a new position in First Trust Emerging Markets AlphaDEX Fund during the 1st quarter valued at approximately $165,000. Jones Financial Companies Lllp increased its position in First Trust Emerging Markets AlphaDEX Fund by 39.2% in the first quarter. Jones Financial Companies Lllp now owns 7,854 shares of the company’s stock worth $180,000 after buying an additional 2,210 shares during the period. Raymond James Financial Inc. lifted its stake in First Trust Emerging Markets AlphaDEX Fund by 32.8% in the second quarter. Raymond James Financial Inc. now owns 374,921 shares of the company’s stock valued at $9,208,000 after buying an additional 92,616 shares during the last quarter. Bank of America Corp DE lifted its stake in First Trust Emerging Markets AlphaDEX Fund by 2.9% in the second quarter. Bank of America Corp DE now owns 1,054,665 shares of the company’s stock valued at $25,903,000 after buying an additional 29,240 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 19.5% during the second quarter. Benjamin Edwards Inc. now owns 63,643 shares of the company’s stock valued at $1,563,000 after acquiring an additional 10,384 shares during the period.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

Shares of NASDAQ FEM traded down $0.17 during midday trading on Friday, hitting $31.35. The company’s stock had a trading volume of 64,294 shares, compared to its average volume of 141,369. First Trust Emerging Markets AlphaDEX Fund has a 1-year low of $24.19 and a 1-year high of $35.61. The firm’s fifty day moving average price is $32.56 and its 200-day moving average price is $30.52. The firm has a market cap of $705.38 million, a P/E ratio of 9.20 and a beta of 0.60.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be paid a $0.1899 dividend. The ex-dividend date is Thursday, June 25th. This is an increase from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.03. This represents a $0.76 dividend on an annualized basis and a yield of 2.4%.

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.