First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Short Interest Update

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 97,065 shares, a decrease of 17.0% from the February 26th total of 116,967 shares. Based on an average daily volume of 117,211 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Institutional investors have recently modified their holdings of the company. LPL Financial LLC increased its stake in First Trust Emerging Markets AlphaDEX Fund by 9.7% in the 4th quarter. LPL Financial LLC now owns 1,375,536 shares of the company’s stock valued at $37,621,000 after purchasing an additional 122,038 shares in the last quarter. UBS Group AG boosted its position in 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 purchasing an additional 114,386 shares in the last quarter. Private Advisor Group LLC grew its holdings in First Trust Emerging Markets AlphaDEX Fund by 54.5% in the fourth quarter. Private Advisor Group LLC now owns 277,185 shares of the company’s stock valued at $7,581,000 after purchasing an additional 97,722 shares during the last quarter. Raymond James Financial Inc. grew its holdings in First Trust Emerging Markets AlphaDEX Fund by 32.8% in the second quarter. Raymond James Financial Inc. now owns 374,921 shares of the company’s stock valued at $9,208,000 after purchasing an additional 92,616 shares during the last quarter. Finally, VestGen Advisors LLC purchased a new position in shares of First Trust Emerging Markets AlphaDEX Fund in the fourth quarter valued at $1,196,000.

First Trust Emerging Markets AlphaDEX Fund Stock Up 1.4%

Shares of NASDAQ FEM traded up $0.41 during midday trading on Tuesday, hitting $29.95. The company had a trading volume of 176,392 shares, compared to its average volume of 154,062. The firm has a market capitalization of $543.59 million, a price-to-earnings ratio of 9.20 and a beta of 0.64. First Trust Emerging Markets AlphaDEX Fund has a twelve month low of $19.74 and a twelve month high of $32.98. The business has a 50-day simple moving average of $30.08 and a two-hundred day simple moving average of $28.20.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th will be issued a $0.0334 dividend. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.13 dividend on an annualized basis and a yield of 0.4%.

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.