First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Sees Large Increase in Short Interest

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 116,967 shares, a growth of 218.4% from the February 12th total of 36,733 shares. Currently, 0.6% of the shares of the stock are short sold. Based on an average daily volume of 132,111 shares, the days-to-cover ratio is currently 0.9 days. Based on an average daily volume of 132,111 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.6% of the shares of the stock are short sold.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Several hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC acquired a new stake in First Trust Emerging Markets AlphaDEX Fund during the first quarter worth about $165,000. Jones Financial Companies Lllp raised its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 39.2% during the 1st quarter. Jones Financial Companies Lllp now owns 7,854 shares of the company’s stock valued at $180,000 after buying an additional 2,210 shares during the period. Bank of New York Mellon Corp lifted its position in First Trust Emerging Markets AlphaDEX Fund by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 275,398 shares of the company’s stock worth $6,764,000 after acquiring an additional 1,857 shares in the last quarter. Rathbones Group PLC boosted its holdings in First Trust Emerging Markets AlphaDEX Fund by 18.0% in the 2nd quarter. Rathbones Group PLC now owns 40,522 shares of the company’s stock worth $995,000 after acquiring an additional 6,167 shares during the period. Finally, Richmond Investment Services LLC grew its position in First Trust Emerging Markets AlphaDEX Fund by 100.4% in the second quarter. Richmond Investment Services LLC now owns 21,940 shares of the company’s stock valued at $539,000 after acquiring an additional 10,993 shares in the last quarter.

First Trust Emerging Markets AlphaDEX Fund Price Performance

Shares of First Trust Emerging Markets AlphaDEX Fund stock opened at $30.16 on Wednesday. First Trust Emerging Markets AlphaDEX Fund has a 1 year low of $19.74 and a 1 year high of $32.98. The company has a market capitalization of $547.40 million, a P/E ratio of 9.20 and a beta of 0.64. The business has a 50 day moving average price of $29.74 and a 200 day moving average price of $27.90.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.2092 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, December 12th.

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.