First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Shares Shorted: Short Interest Up 434.1% in October

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 73,849 shares, an increase of 434.1% from the September 30th total of 13,828 shares. Based on an average daily volume of 90,473 shares, the short-interest ratio is presently 0.8 days. Currently, 0.3% of the company’s shares are short sold.

First Trust Emerging Markets AlphaDEX Fund Trading Up 0.7%

FEM stock traded up $0.22 during trading on Tuesday, reaching $31.69. 141,861 shares of the stock were exchanged, compared to its average volume of 123,847. The firm has a market capitalization of $774.82 million, a price-to-earnings ratio of 9.20 and a beta of 0.62. The business has a 50 day moving average price of $32.81 and a 200-day moving average price of $31.59. First Trust Emerging Markets AlphaDEX Fund has a 1 year low of $25.93 and a 1 year high of $35.61.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.2849 per share. The ex-dividend date was Thursday, September 24th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.6%. This is an increase from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.1899.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

Several institutional investors have recently made changes to their positions in the company. Signature Equity Partners LLC lifted its holdings in First Trust Emerging Markets AlphaDEX Fund by 64.0% in the first quarter. Signature Equity Partners LLC now owns 894 shares of the company’s stock valued at $27,000 after acquiring an additional 349 shares during the last quarter. Parallel Advisors LLC acquired a new stake in First Trust Emerging Markets AlphaDEX Fund during the first quarter worth $59,000. Wedbush Securities Inc. acquired a new stake in First Trust Emerging Markets AlphaDEX Fund during the third quarter worth $202,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in First Trust Emerging Markets AlphaDEX Fund during the third quarter worth $206,000. Finally, Private Client Services LLC purchased a new stake in First Trust Emerging Markets AlphaDEX Fund in the third quarter valued at $223,000.

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.