Short Interest in First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Decreases By 28.6%

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 56,441 shares, a drop of 28.6% from the November 30th total of 79,044 shares. Based on an average trading volume of 37,876 shares, the short-interest ratio is currently 1.5 days. Currently, 0.3% of the shares of the company are sold short. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 37,876 shares, the short-interest ratio is currently 1.5 days.

First Trust Emerging Markets AlphaDEX Fund Stock Down 1.2%

FEM stock traded down $0.35 during mid-day trading on Monday, reaching $27.30. The company had a trading volume of 6,772 shares, compared to its average volume of 55,431. The stock has a market capitalization of $472.20 million, a P/E ratio of 9.20 and a beta of 0.64. The stock’s 50-day simple moving average is $26.97 and its two-hundred day simple moving average is $26.23. First Trust Emerging Markets AlphaDEX Fund has a one year low of $19.74 and a one year high of $28.88.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be issued a $0.2092 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.84 annualized dividend and a yield of 3.1%.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

Several hedge funds have recently made changes to their positions in FEM. UBS Group AG raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 21.7% during the third quarter. UBS Group AG now owns 641,416 shares of the company’s stock worth $17,382,000 after purchasing an additional 114,386 shares during the period. Raymond James Financial Inc. grew its stake in First Trust Emerging Markets AlphaDEX Fund by 32.8% in the second quarter. Raymond James Financial Inc. now owns 374,921 shares of the company’s stock valued at $9,208,000 after purchasing an additional 92,616 shares in the last quarter. CWM LLC raised its holdings in First Trust Emerging Markets AlphaDEX Fund by 147.2% during the second quarter. CWM LLC now owns 115,325 shares of the company’s stock valued at $2,832,000 after buying an additional 68,677 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in shares of First Trust Emerging Markets AlphaDEX Fund in the second quarter worth $951,000. Finally, Assetmark Inc. grew its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 19.5% in the second quarter. Assetmark Inc. now owns 214,673 shares of the company’s stock worth $5,272,000 after acquiring an additional 35,099 shares during the last quarter.

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.