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

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 168,304 shares, a growth of 117.6% from the April 15th total of 77,344 shares. Based on an average trading volume of 126,230 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.7% of the shares of the company are sold short.

First Trust Emerging Markets AlphaDEX Fund Trading Down 3.3%

Shares of FEM stock opened at $32.03 on Friday. First Trust Emerging Markets AlphaDEX Fund has a 1 year low of $23.40 and a 1 year high of $33.77. The firm’s fifty day simple moving average is $31.35 and its 200 day simple moving average is $29.41. The firm has a market capitalization of $720.68 million, a P/E ratio of 9.20 and a beta of 0.62.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.0334 dividend. This represents a $0.13 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, March 26th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 371.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 939 shares of the company’s stock valued at $26,000 after buying an additional 740 shares during the period. Signature Equity Partners LLC increased its stake in First Trust Emerging Markets AlphaDEX Fund by 64.0% during 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 period. Sound Income Strategies LLC acquired a new position in First Trust Emerging Markets AlphaDEX Fund in the 4th quarter valued at approximately $45,000. Geneos Wealth Management Inc. raised its holdings in First Trust Emerging Markets AlphaDEX Fund by 26.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company’s stock valued at $47,000 after acquiring an additional 408 shares in the last quarter. Finally, Parallel Advisors LLC bought a new stake in shares of First Trust Emerging Markets AlphaDEX Fund in the 1st quarter worth approximately $59,000.

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.