First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Shares Shorted: Short Interest Down 90.5% in September

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 3,345 shares, a decrease of 90.5% from the September 15th total of 35,286 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 8,219 shares, the short-interest ratio is presently 0.4 days.

First Trust Latin America AlphaDEX Fund Price Performance

Shares of First Trust Latin America AlphaDEX Fund stock opened at $27.74 on Friday. The company’s 50 day moving average price is $25.94 and its two-hundred day moving average price is $25.87. The firm has a market capitalization of $48.55 million, a P/E ratio of 9.93 and a beta of 0.74. First Trust Latin America AlphaDEX Fund has a fifty-two week low of $20.06 and a fifty-two week high of $28.50.

First Trust Latin America AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a $0.1512 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Thursday, September 24th. This is a negative change from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.2525.

Institutional Investors Weigh In On First Trust Latin America AlphaDEX Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of FLN. Envestnet Asset Management Inc. increased its holdings in First Trust Latin America AlphaDEX Fund by 4.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 33,155 shares of the company’s stock worth $820,000 after purchasing an additional 1,455 shares in the last quarter. GK Wealth Management LLC acquired a new stake in shares of First Trust Latin America AlphaDEX Fund during the second quarter valued at about $268,000. Cetera Investment Advisers boosted its stake in shares of First Trust Latin America AlphaDEX Fund by 11.9% during the first quarter. Cetera Investment Advisers now owns 28,544 shares of the company’s stock valued at $729,000 after purchasing an additional 3,040 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in shares of First Trust Latin America AlphaDEX Fund during the first quarter valued at about $1,549,000. Finally, Balboa Wealth Partners bought a new stake in shares of First Trust Latin America AlphaDEX Fund during the first quarter worth about $204,000.

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.