First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Stock Short Interest Declines 90.5%

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 3,345 shares, a decline of 90.5% from the September 15th total of 35,286 shares. Based on an average trading volume of 8,219 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

First Trust Latin America AlphaDEX Fund Stock Performance

Shares of FLN stock traded up $0.24 on Friday, hitting $27.74. The company’s stock had a trading volume of 3,338 shares, compared to its average volume of 18,648. The stock’s 50 day moving average is $25.94 and its 200-day moving average is $25.88. First Trust Latin America AlphaDEX Fund has a fifty-two week low of $20.06 and a fifty-two week high of $28.50. The company has a market capitalization of $48.55 million, a PE ratio of 9.93 and a beta of 0.74.

First Trust Latin America AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a dividend of $0.1512 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Thursday, September 24th. This is a drop from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.2525.

Institutional Investors Weigh In On First Trust Latin America AlphaDEX Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Balboa Wealth Partners bought a new position in First Trust Latin America AlphaDEX Fund during the 1st quarter worth $204,000. GK Wealth Management LLC bought a new stake in shares of First Trust Latin America AlphaDEX Fund during the 2nd quarter valued at $268,000. Cetera Investment Advisers lifted its position in shares of First Trust Latin America AlphaDEX Fund by 11.9% during the 1st quarter. Cetera Investment Advisers now owns 28,544 shares of the company’s stock valued at $729,000 after acquiring an additional 3,040 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of First Trust Latin America AlphaDEX Fund by 4.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 33,155 shares of the company’s stock worth $820,000 after purchasing an additional 1,455 shares in the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in shares of First Trust Latin America AlphaDEX Fund during the 1st quarter worth $1,549,000.

First Trust Latin America AlphaDEX Fund Company Profile

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.