First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Sees Significant Growth in Short Interest

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 34,499 shares, an increase of 30.7% from the December 31st total of 26,393 shares. Currently, 3.6% of the company’s stock are sold short. Based on an average daily volume of 23,534 shares, the days-to-cover ratio is currently 1.5 days. Based on an average daily volume of 23,534 shares, the days-to-cover ratio is currently 1.5 days. Currently, 3.6% of the company’s stock are sold short.

First Trust Latin America AlphaDEX Fund Price Performance

NASDAQ:FLN traded up $0.42 during mid-day trading on Tuesday, reaching $26.74. The stock had a trading volume of 18,377 shares, compared to its average volume of 23,003. The company has a market capitalization of $25.41 million, a price-to-earnings ratio of 9.93 and a beta of 0.91. First Trust Latin America AlphaDEX Fund has a 1-year low of $15.75 and a 1-year high of $28.50. The stock’s 50 day simple moving average is $23.63 and its two-hundred day simple moving average is $21.79.

First Trust Latin America AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.3093 dividend. This is a positive change from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.09. The ex-dividend date was Friday, December 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.6%.

Hedge Funds Weigh In On First Trust Latin America AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in FLN. Raymond James Financial Inc. acquired a new stake in shares of First Trust Latin America AlphaDEX Fund during the second quarter worth $35,000. Triad Wealth Partners LLC bought a new stake in shares of First Trust Latin America AlphaDEX Fund during the 4th quarter valued at about $238,000. Coppell Advisory Solutions LLC raised its stake in First Trust Latin America AlphaDEX Fund by 106.1% during the second quarter. Coppell Advisory Solutions LLC now owns 24,481 shares of the company’s stock worth $479,000 after acquiring an additional 12,600 shares during the period. Cetera Investment Advisers bought a new position in First Trust Latin America AlphaDEX Fund in the second quarter worth about $523,000. Finally, Envestnet Asset Management Inc. bought a new position in First Trust Latin America AlphaDEX Fund in the second quarter worth about $530,000.

First Trust Latin America AlphaDEX Fund Company Profile

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.