First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Short Interest Up 90.8% in July

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 13,095 shares, a growth of 90.8% from the July 15th total of 6,865 shares. Based on an average daily volume of 17,292 shares, the short-interest ratio is currently 0.8 days. Currently, 0.9% of the shares of the stock are short sold.

First Trust Latin America AlphaDEX Fund Price Performance

Shares of First Trust Latin America AlphaDEX Fund stock traded up $0.24 during trading hours on Monday, reaching $24.71. The company’s stock had a trading volume of 6,507 shares, compared to its average volume of 20,569. The firm has a 50 day moving average price of $25.28 and a 200-day moving average price of $25.89. First Trust Latin America AlphaDEX Fund has a one year low of $19.65 and a one year high of $28.50. The stock has a market cap of $35.83 million, a P/E ratio of 9.93 and a beta of 0.76.

First Trust Latin America AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.2525 per share. This represents a $1.01 dividend on an annualized basis and a yield of 4.1%. This is a positive change from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, June 25th.

Institutional Investors Weigh In On First Trust Latin America AlphaDEX Fund

Several institutional investors have recently made changes to their positions in FLN. Cetera Investment Advisers purchased a new position in First Trust Latin America AlphaDEX Fund during the second quarter valued at approximately $523,000. Raymond James Financial Inc. acquired a new position in shares of First Trust Latin America AlphaDEX Fund during the second quarter worth $35,000. Farther Finance Advisors LLC lifted its holdings 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 valued at $723,000 after purchasing an additional 1,942 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of First Trust Latin America AlphaDEX Fund by 65.3% during the 4th quarter. LPL Financial LLC now owns 103,194 shares of the company’s stock valued at $2,341,000 after purchasing an additional 40,773 shares during the last quarter. Finally, Balboa Wealth Partners acquired a new stake in shares of First Trust Latin America AlphaDEX Fund in the 1st quarter worth $204,000.

First Trust Latin America AlphaDEX Fund Company Profile

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.