First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Short Interest Up 218.4% in February

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the recipient of a significant growth in short interest during the month of February. As of February 27th, there was short interest totaling 116,967 shares, a growth of 218.4% from the February 12th total of 36,733 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 132,111 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 132,111 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the company’s stock are short sold.

First Trust Emerging Markets AlphaDEX Fund Price Performance

Shares of NASDAQ FEM opened at $30.16 on Wednesday. The business has a 50-day moving average of $29.74 and a two-hundred day moving average of $27.90. The company has a market capitalization of $547.40 million, a price-to-earnings ratio of 9.20 and a beta of 0.64. 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 business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.2092 dividend. This represents a $0.84 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, December 12th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of FEM. MidFirst Bank acquired a new stake in First Trust Emerging Markets AlphaDEX Fund in the fourth quarter valued at about $63,000. Van Diest Capital LLC purchased a new position in shares of First Trust Emerging Markets AlphaDEX Fund in the fourth quarter valued at $227,000. Crusonia Wealth Advisors LLC acquired a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the 4th quarter worth $767,000. Pacific Excel Wealth Advisors Inc. purchased a new stake in shares of First Trust Emerging Markets AlphaDEX Fund in the 4th quarter worth about $407,000. Finally, VestGen Advisors LLC acquired a new stake in First Trust Emerging Markets AlphaDEX Fund in the 4th quarter valued at about $1,196,000.

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.