Short Interest in First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Drops By 88.0%

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 32,802 shares, a decline of 88.0% from the June 15th total of 273,552 shares. Based on an average daily volume of 100,519 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

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

First Trust Emerging Markets AlphaDEX Fund Stock Up 1.2%

NASDAQ FEM traded up $0.37 during trading hours on Friday, hitting $32.07. The company had a trading volume of 76,754 shares, compared to its average volume of 140,893. First Trust Emerging Markets AlphaDEX Fund has a fifty-two week low of $24.54 and a fifty-two week high of $35.61. The business has a fifty day simple moving average of $32.36 and a 200-day simple moving average of $30.86. The firm has a market cap of $758.46 million, a P/E ratio of 9.20 and a beta of 0.60.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.1899 per share. This is an increase from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.03. This represents a $0.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Thursday, June 25th.

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.