First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Shares Shorted: Short Interest Down 54.2% in September

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 62,848 shares, a decrease of 54.2% from the August 31st total of 137,270 shares. Based on an average daily volume of 80,694 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of institutional investors and hedge funds have recently modified their holdings of FEM. First Trust Advisors LP increased its holdings in First Trust Emerging Markets AlphaDEX Fund by 2,581.4% in the 1st quarter. First Trust Advisors LP now owns 758,297 shares of the company’s stock worth $22,714,000 after buying an additional 730,017 shares during the period. Bank of America Corp DE lifted its stake in First Trust Emerging Markets AlphaDEX Fund by 24.4% during the 1st quarter. Bank of America Corp DE now owns 1,303,530 shares of the company’s stock valued at $39,045,000 after acquiring an additional 255,989 shares during the period. Greenup Street Wealth Management LLC purchased a new stake in shares of First Trust Emerging Markets AlphaDEX Fund in the 1st quarter valued at $4,099,000. Gateway Wealth Partners LLC boosted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 193.4% in the 1st quarter. Gateway Wealth Partners LLC now owns 155,246 shares of the company’s stock valued at $4,650,000 after acquiring an additional 102,342 shares during the last quarter. Finally, Assetmark Inc. increased its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 41.2% in the first quarter. Assetmark Inc. now owns 321,004 shares of the company’s stock worth $9,615,000 after acquiring an additional 93,615 shares during the period.

First Trust Emerging Markets AlphaDEX Fund Trading Up 0.1%

Shares of NASDAQ:FEM traded up $0.02 on Wednesday, hitting $32.21. 92,124 shares of the company were exchanged, compared to its average volume of 126,837. First Trust Emerging Markets AlphaDEX Fund has a 1-year low of $25.85 and a 1-year high of $35.61. The stock’s 50 day moving average price is $32.46 and its 200 day moving average price is $32.01. The firm has a market capitalization of $800.42 million, a P/E ratio of 9.20 and a beta of 0.61.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be paid a dividend of $0.2849 per share. This represents a $1.14 annualized dividend and a yield of 3.5%. The ex-dividend date is Thursday, September 24th. This is a boost from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.1899.

About First Trust Emerging Markets AlphaDEX Fund

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.