First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Sees Significant Drop in Short Interest

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the recipient of a significant decline in short interest during the month of February. As of February 13th, there was short interest totaling 36,733 shares, a decline of 86.5% from the January 29th total of 271,629 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 267,004 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 267,004 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the stock are sold short.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

Shares of FEM traded up $0.41 during trading hours on Wednesday, reaching $31.70. The stock had a trading volume of 365,709 shares, compared to its average volume of 146,062. First Trust Emerging Markets AlphaDEX Fund has a 12 month low of $19.74 and a 12 month high of $32.98. The stock has a market capitalization of $575.36 million, a PE ratio of 9.20 and a beta of 0.64. The company’s 50-day moving average is $29.08 and its two-hundred day moving average is $27.59.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.2092 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FEM. Smartleaf Asset Management LLC raised its holdings in First Trust Emerging Markets AlphaDEX Fund by 371.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 939 shares of the company’s stock valued at $26,000 after buying an additional 740 shares during the last quarter. Sound Income Strategies LLC acquired a new position in First Trust Emerging Markets AlphaDEX Fund in the 4th quarter valued at approximately $45,000. Geneos Wealth Management Inc. raised its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 26.8% during the second quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company’s stock valued at $47,000 after acquiring an additional 408 shares during the last quarter. Rossby Financial LCC raised its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 34.7% during the third quarter. Rossby Financial LCC now owns 2,250 shares of the company’s stock valued at $61,000 after acquiring an additional 580 shares during the last quarter. Finally, MidFirst Bank acquired a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the fourth quarter worth $63,000.

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.