First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Sees Large Decline in Short Interest

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 62,848 shares, a decline of 54.2% from the August 31st total of 137,270 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 80,694 shares, the short-interest ratio is presently 0.8 days.

First Trust Emerging Markets AlphaDEX Fund Stock Down 0.8%

Shares of NASDAQ FEM traded down $0.27 during midday trading on Monday, hitting $32.34. The stock had a trading volume of 26,358 shares, compared to its average volume of 124,814. The company has a market cap of $803.52 million, a P/E ratio of 9.20 and a beta of 0.61. The business’s 50 day moving average is $32.41 and its 200-day moving average is $31.98. First Trust Emerging Markets AlphaDEX Fund has a 52 week low of $25.85 and a 52 week high of $35.61.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be paid a dividend of $0.2849 per share. The ex-dividend date is Thursday, September 24th. This represents a $1.14 annualized dividend and a yield of 3.5%. This is a positive change from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.1899.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE increased its holdings in First Trust Emerging Markets AlphaDEX Fund by 24.4% in the 1st quarter. Bank of America Corp DE now owns 1,303,530 shares of the company’s stock worth $39,045,000 after buying an additional 255,989 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 3.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 875,590 shares of the company’s stock valued at $28,010,000 after acquiring an additional 26,228 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 2,581.4% during the 1st quarter. First Trust Advisors LP now owns 758,297 shares of the company’s stock valued at $22,714,000 after acquiring an additional 730,017 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 1.9% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 617,179 shares of the company’s stock worth $18,487,000 after acquiring an additional 11,746 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 25.2% in the first quarter. Cetera Investment Advisers now owns 365,701 shares of the company’s stock worth $10,954,000 after acquiring an additional 73,681 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.