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

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a large increase in short interest in July. As of July 15th, there was short interest totaling 74,415 shares, an increase of 126.9% from the June 30th total of 32,802 shares. Based on an average daily volume of 125,117 shares, the short-interest ratio is presently 0.6 days. Currently, 0.3% of the shares of the stock are short sold.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

Shares of NASDAQ:FEM traded down $0.32 during midday trading on Wednesday, hitting $30.23. 87,176 shares of the stock were exchanged, compared to its average volume of 137,664. The stock has a market capitalization of $725.42 million, a price-to-earnings ratio of 9.20 and a beta of 0.60. The business’s 50-day moving average price is $31.93 and its 200 day moving average price is $31.18. First Trust Emerging Markets AlphaDEX Fund has a 12 month low of $24.69 and a 12 month high of $35.61.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.1899 dividend. This is an increase from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, June 25th. This represents a $0.76 annualized dividend and a yield of 2.5%.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of hedge funds have recently modified their holdings of FEM. Envestnet Portfolio Solutions Inc. raised its position in First Trust Emerging Markets AlphaDEX Fund by 3.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,675 shares of the company’s stock worth $292,000 after purchasing an additional 397 shares during the last quarter. Prospera Financial Services Inc grew its position in shares of First Trust Emerging Markets AlphaDEX Fund by 4.5% in the 4th quarter. Prospera Financial Services Inc now owns 74,874 shares of the company’s stock valued at $2,048,000 after buying an additional 3,208 shares during the last quarter. MGO One Seven LLC acquired a new stake in shares of First Trust Emerging Markets AlphaDEX Fund in the fourth quarter valued at about $272,000. Benjamin Edwards Inc. increased its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 21.4% in the fourth quarter. Benjamin Edwards Inc. now owns 85,543 shares of the company’s stock valued at $2,340,000 after buying an additional 15,052 shares during the period. Finally, D.A. Davidson & CO. raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 3.4% during the fourth quarter. D.A. Davidson & CO. now owns 32,937 shares of the company’s stock worth $901,000 after acquiring an additional 1,073 shares during the last quarter.

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.