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

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 4,800 shares, an increase of 380.0% from the February 13th total of 1,000 shares. Based on an average trading volume of 81,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

Several large investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its position in First Trust Emerging Markets AlphaDEX Fund by 64.1% during the fourth quarter. Bank of America Corp DE now owns 1,039,178 shares of the company’s stock worth $22,892,000 after buying an additional 405,760 shares during the period. Raymond James Financial Inc. purchased a new position in First Trust Emerging Markets AlphaDEX Fund during the 4th quarter worth $5,916,000. Jane Street Group LLC increased its stake in First Trust Emerging Markets AlphaDEX Fund by 46.6% in the fourth quarter. Jane Street Group LLC now owns 150,383 shares of the company’s stock valued at $3,313,000 after purchasing an additional 47,775 shares during the period. OneAscent Financial Services LLC acquired a new stake in shares of First Trust Emerging Markets AlphaDEX Fund during the fourth quarter worth about $810,000. Finally, Citadel Advisors LLC purchased a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the fourth quarter worth about $752,000.

First Trust Emerging Markets AlphaDEX Fund Price Performance

Shares of FEM traded up $0.12 during mid-day trading on Wednesday, reaching $23.01. The company’s stock had a trading volume of 168,876 shares, compared to its average volume of 62,124. First Trust Emerging Markets AlphaDEX Fund has a 12-month low of $21.07 and a 12-month high of $25.38. The stock has a market cap of $400.37 million, a PE ratio of 7.07 and a beta of 0.85. The company’s 50 day moving average is $22.33 and its 200 day moving average is $22.68.

First Trust Emerging Markets AlphaDEX Fund Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.1449 per share. The ex-dividend date was Friday, December 13th.

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.