First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Sees Large Decline in Short Interest

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 6,865 shares, a drop of 66.7% from the June 30th total of 20,622 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 13,558 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On First Trust Latin America AlphaDEX Fund

Several large investors have recently made changes to their positions in FLN. Cetera Investment Advisers lifted its stake in First Trust Latin America AlphaDEX Fund by 3.1% during the fourth quarter. Cetera Investment Advisers now owns 25,504 shares of the company’s stock valued at $578,000 after purchasing an additional 765 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of First Trust Latin America AlphaDEX Fund during the 2nd quarter valued at $35,000. Farther Finance Advisors LLC boosted its stake in shares of First Trust Latin America AlphaDEX Fund by 6.5% during the 4th quarter. Farther Finance Advisors LLC now owns 31,891 shares of the company’s stock worth $723,000 after acquiring an additional 1,942 shares in the last quarter. Balboa Wealth Partners acquired a new position in shares of First Trust Latin America AlphaDEX Fund in the 1st quarter worth $204,000. Finally, Triad Wealth Partners LLC acquired a new stake in shares of First Trust Latin America AlphaDEX Fund during the fourth quarter worth $238,000.

First Trust Latin America AlphaDEX Fund Price Performance

Shares of NASDAQ FLN traded up $0.08 during mid-day trading on Tuesday, reaching $25.80. 2,558 shares of the company traded hands, compared to its average volume of 20,964. First Trust Latin America AlphaDEX Fund has a fifty-two week low of $18.75 and a fifty-two week high of $28.50. The firm has a market cap of $37.41 million, a PE ratio of 9.93 and a beta of 0.76. The stock has a fifty day simple moving average of $25.29 and a 200-day simple moving average of $25.78.

First Trust Latin America AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.2525 per share. This is an increase from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.23. This represents a $1.01 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Thursday, June 25th.

About First Trust Latin America AlphaDEX Fund

The First Trust Latin America AlphaDEX Fund (FLN) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Latin America index. The fund tracks an index of Latin American firms screened based on a proprietary methodology, using various factors and weighted in tiers. FLN was launched on Apr 18, 2011 and is managed by First Trust.