Short Interest in First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Decreases By 88.0%

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 32,802 shares, a drop of 88.0% from the June 15th total of 273,552 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 100,519 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

NASDAQ:FEM traded up $0.37 on Friday, reaching $32.07. The company’s stock had a trading volume of 76,754 shares, compared to its average volume of 140,893. First Trust Emerging Markets AlphaDEX Fund has a 1-year low of $24.54 and a 1-year high of $35.61. The business’s 50-day moving average price is $32.37 and its two-hundred day moving average price is $30.85. The firm has a market cap of $758.46 million, a PE ratio of 9.20 and a beta of 0.60.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.1899 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.76 annualized dividend and a dividend yield of 2.4%. This is a boost from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.03.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

Several hedge funds have recently bought and sold shares of FEM. First Trust Advisors LP lifted its stake in First Trust Emerging Markets AlphaDEX Fund by 2,581.4% in the first quarter. First Trust Advisors LP now owns 758,297 shares of the company’s stock valued at $22,714,000 after buying an additional 730,017 shares in the last quarter. Bank of America Corp DE increased its position 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 acquiring an additional 255,989 shares in the last quarter. Greenup Street Wealth Management LLC bought a new stake in shares of First Trust Emerging Markets AlphaDEX Fund during the first quarter worth $4,099,000. LPL Financial LLC raised its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 9.7% during the fourth quarter. LPL Financial LLC now owns 1,375,536 shares of the company’s stock worth $37,621,000 after acquiring an additional 122,038 shares during the period. Finally, UBS Group AG raised its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 21.7% during the third quarter. UBS Group AG now owns 641,416 shares of the company’s stock worth $17,382,000 after acquiring an additional 114,386 shares during the period.

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.