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 drop in short interest during the month of July. As of July 31st, there was short interest totaling 46,994 shares, a drop of 36.8% from the July 15th total of 74,415 shares. Based on an average daily volume of 102,780 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Several large investors have recently bought and sold shares of FEM. D.A. Davidson & CO. lifted its stake in First Trust Emerging Markets AlphaDEX Fund by 1.4% during the 1st quarter. D.A. Davidson & CO. now owns 33,395 shares of the company’s stock valued at $1,000,000 after acquiring an additional 458 shares during the period. Assetmark Inc. raised its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 41.2% during the first quarter. Assetmark Inc. now owns 321,004 shares of the company’s stock valued at $9,615,000 after purchasing an additional 93,615 shares during the last quarter. HBW Advisory Services LLC raised its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 2.2% during the first quarter. HBW Advisory Services LLC now owns 23,395 shares of the company’s stock valued at $701,000 after purchasing an additional 499 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in First Trust Emerging Markets AlphaDEX Fund by 45.9% during the first quarter. Janney Montgomery Scott LLC now owns 92,588 shares of the company’s stock valued at $2,773,000 after purchasing an additional 29,118 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in First Trust Emerging Markets AlphaDEX Fund by 4.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 10,318 shares of the company’s stock valued at $282,000 after purchasing an additional 440 shares during the period.

First Trust Emerging Markets AlphaDEX Fund Trading Up 0.7%

First Trust Emerging Markets AlphaDEX Fund stock opened at $32.61 on Thursday. First Trust Emerging Markets AlphaDEX Fund has a 12 month low of $25.85 and a 12 month high of $35.61. The stock has a fifty day simple moving average of $31.74 and a two-hundred day simple moving average of $31.47. The firm has a market cap of $782.64 million, a price-to-earnings ratio of 9.20 and a beta of 0.61.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.1899 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.3%. This is a boost from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, June 25th.

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.