Short Interest in First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Decreases By 72.5%

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 46,310 shares, a decline of 72.5% from the April 30th total of 168,304 shares. Based on an average daily volume of 110,090 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

First Trust Emerging Markets AlphaDEX Fund Price Performance

FEM opened at $32.91 on Friday. The firm has a fifty day moving average price of $31.82 and a 200 day moving average price of $29.78. First Trust Emerging Markets AlphaDEX Fund has a 1 year low of $23.40 and a 1 year high of $33.77. The stock has a market cap of $740.48 million, a P/E ratio of 9.20 and a beta of 0.62.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.0334 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.13 dividend on an annualized basis and a yield of 0.4%.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of large investors have recently added to or reduced their stakes in FEM. Bank of America Corp DE increased its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 24.4% during the first quarter. Bank of America Corp DE now owns 1,303,530 shares of the company’s stock worth $39,045,000 after purchasing an additional 255,989 shares in the last quarter. Centaurus Financial Inc. acquired a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the 1st quarter worth about $354,000. Arkadios Wealth Advisors boosted its holdings in First Trust Emerging Markets AlphaDEX Fund by 34.8% in the 1st quarter. Arkadios Wealth Advisors now owns 10,262 shares of the company’s stock worth $307,000 after buying an additional 2,648 shares during the last quarter. IMG Wealth Management Inc. acquired a new stake in First Trust Emerging Markets AlphaDEX Fund in the 1st quarter worth about $1,278,000. Finally, Quantinno Capital Management LP boosted its holdings in First Trust Emerging Markets AlphaDEX Fund by 29.3% in the 1st quarter. Quantinno Capital Management LP now owns 33,777 shares of the company’s stock worth $1,012,000 after buying an additional 7,655 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.