First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Sees Large Increase in Short Interest

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 19,818 shares, a growth of 51.3% from the July 30th total of 13,095 shares. Based on an average trading volume of 9,415 shares, the short-interest ratio is presently 2.1 days. Approximately 1.4% of the shares of the stock are short sold.

First Trust Latin America AlphaDEX Fund Stock Up 2.3%

NASDAQ:FLN traded up $0.60 during midday trading on Wednesday, hitting $26.37. The company had a trading volume of 3,241 shares, compared to its average volume of 19,473. The company has a market capitalization of $38.24 million, a PE ratio of 9.93 and a beta of 0.76. First Trust Latin America AlphaDEX Fund has a 52-week low of $19.87 and a 52-week high of $28.50. The stock’s fifty day moving average price is $25.36 and its 200-day moving average price is $25.78.

First Trust Latin America AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.2525 per share. This represents a $1.01 annualized dividend and a yield of 3.8%. This is an increase from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers grew its holdings in shares of First Trust Latin America AlphaDEX Fund by 3.1% during the 4th quarter. Cetera Investment Advisers now owns 25,504 shares of the company’s stock valued at $578,000 after purchasing an additional 765 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of First Trust Latin America AlphaDEX Fund during the 2nd quarter valued at about $35,000. Balboa Wealth Partners purchased a new position in First Trust Latin America AlphaDEX Fund during the first quarter valued at $204,000. GK Wealth Management LLC purchased a new position in shares of First Trust Latin America AlphaDEX Fund in the 2nd quarter worth about $268,000. Finally, LPL Financial LLC boosted its holdings in First Trust Latin America AlphaDEX Fund by 65.3% in the fourth quarter. LPL Financial LLC now owns 103,194 shares of the company’s stock worth $2,341,000 after purchasing an additional 40,773 shares during the last quarter.

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.