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

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 62,848 shares, a decline of 54.2% from the August 31st total of 137,270 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 80,694 shares, the days-to-cover ratio is presently 0.8 days.

First Trust Emerging Markets AlphaDEX Fund Price Performance

FEM traded down $0.10 during trading hours on Tuesday, reaching $32.19. The company’s stock had a trading volume of 515,259 shares, compared to its average volume of 127,042. First Trust Emerging Markets AlphaDEX Fund has a fifty-two week low of $25.85 and a fifty-two week high of $35.61. The stock has a market cap of $799.92 million, a PE ratio of 9.20 and a beta of 0.61. The business’s 50-day moving average is $32.45 and its 200-day moving average is $32.00.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be given a $0.2849 dividend. This is an increase from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.1899. This represents a $1.14 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Thursday, September 24th.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

Several large investors have recently modified their holdings of the business. Signature Equity Partners LLC boosted its position in shares of First Trust Emerging Markets AlphaDEX Fund by 64.0% during the 1st quarter. Signature Equity Partners LLC now owns 894 shares of the company’s stock worth $27,000 after acquiring an additional 349 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 4.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 10,318 shares of the company’s stock worth $282,000 after acquiring an additional 440 shares in the last quarter. D.A. Davidson & CO. lifted its stake in First Trust Emerging Markets AlphaDEX Fund by 1.4% during the first quarter. D.A. Davidson & CO. now owns 33,395 shares of the company’s stock worth $1,000,000 after purchasing an additional 458 shares during the last quarter. HBW Advisory Services LLC lifted its stake in 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 worth $701,000 after purchasing an additional 499 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co lifted its stake in First Trust Emerging Markets AlphaDEX Fund by 5.1% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 14,470 shares of the company’s stock worth $433,000 after purchasing an additional 707 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.