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 growth in short interest in the month of January. As of January 30th, there was short interest totaling 271,629 shares, a growth of 64.2% from the January 15th total of 165,474 shares. Approximately 1.5% of the shares of the company are sold short. Based on an average daily volume of 101,643 shares, the days-to-cover ratio is currently 2.7 days. Based on an average daily volume of 101,643 shares, the days-to-cover ratio is currently 2.7 days. Approximately 1.5% of the shares of the company are sold short.

First Trust Emerging Markets AlphaDEX Fund Price Performance

NASDAQ FEM traded down $0.08 during trading hours on Friday, reaching $30.54. The company’s stock had a trading volume of 998,706 shares, compared to its average volume of 147,654. The firm has a market capitalization of $554.30 million, a price-to-earnings ratio of 9.20 and a beta of 0.64. The company’s 50-day moving average is $28.54 and its two-hundred day moving average is $27.29. First Trust Emerging Markets AlphaDEX Fund has a 1-year low of $19.74 and a 1-year high of $32.98.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.2092 dividend. This represents a $0.84 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, December 12th.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Stanley grew its position in shares of First Trust Emerging Markets AlphaDEX Fund by 1.7% in the fourth quarter. Morgan Stanley now owns 2,390,271 shares of the company’s stock valued at $65,374,000 after purchasing an additional 39,545 shares in the last quarter. LPL Financial LLC raised its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 9.7% in the 4th quarter. LPL Financial LLC now owns 1,375,536 shares of the company’s stock valued at $37,621,000 after buying an additional 122,038 shares during the period. Bank of America Corp DE lifted its holdings in First Trust Emerging Markets AlphaDEX Fund by 2.9% during the 2nd quarter. Bank of America Corp DE now owns 1,054,665 shares of the company’s stock worth $25,903,000 after buying an additional 29,240 shares in the last quarter. UBS Group AG raised its position in First Trust Emerging Markets AlphaDEX Fund by 21.7% in the 3rd quarter. UBS Group AG now owns 641,416 shares of the company’s stock valued at $17,382,000 after purchasing an additional 114,386 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in First Trust Emerging Markets AlphaDEX Fund by 0.6% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 605,433 shares of the company’s stock worth $16,559,000 after acquiring an additional 3,711 shares in 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.