First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Short Interest Up 90.8% in July

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 13,095 shares, an increase of 90.8% from the July 15th total of 6,865 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily trading volume, of 17,292 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On First Trust Latin America AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its position in First Trust Latin America AlphaDEX Fund by 3.1% in the fourth quarter. Cetera Investment Advisers now owns 25,504 shares of the company’s stock worth $578,000 after acquiring an additional 765 shares in the last quarter. LPL Financial LLC lifted its stake in shares of First Trust Latin America AlphaDEX Fund by 65.3% in the 4th quarter. LPL Financial LLC now owns 103,194 shares of the company’s stock valued at $2,341,000 after purchasing an additional 40,773 shares during the last quarter. GK Wealth Management LLC bought a new stake in shares of First Trust Latin America AlphaDEX Fund in the 2nd quarter valued at approximately $268,000. D.A. Davidson & CO. purchased a new position in shares of First Trust Latin America AlphaDEX Fund in the 1st quarter worth approximately $1,549,000. Finally, Raymond James Financial Inc. purchased a new position in shares of First Trust Latin America AlphaDEX Fund in the 2nd quarter worth approximately $35,000.

First Trust Latin America AlphaDEX Fund Stock Performance

Shares of NASDAQ FLN traded down $0.16 during midday trading on Friday, reaching $24.47. The stock had a trading volume of 30,899 shares, compared to its average volume of 20,661. The company has a market capitalization of $35.48 million, a price-to-earnings ratio of 9.93 and a beta of 0.76. First Trust Latin America AlphaDEX Fund has a 12-month low of $19.65 and a 12-month high of $28.50. The stock has a 50-day moving average of $25.28 and a 200-day moving average of $25.89.

First Trust Latin America AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.2525 dividend. This represents a $1.01 annualized dividend and a yield of 4.1%. The ex-dividend date was Thursday, June 25th. This is an increase from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.23.

About First Trust Latin America AlphaDEX Fund

The First Trust Latin America AlphaDEX Fund (FLN) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Latin America index. The fund tracks an index of Latin American firms screened based on a proprietary methodology, using various factors and weighted in tiers. FLN was launched on Apr 18, 2011 and is managed by First Trust.