First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Short Interest Update

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 2,486 shares, a decrease of 94.3% from the February 12th total of 43,253 shares. Based on an average daily volume of 41,716 shares, the short-interest ratio is presently 0.1 days. Approximately 0.3% of the company’s shares are sold short. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 41,716 shares, the short-interest ratio is presently 0.1 days.

First Trust Latin America AlphaDEX Fund Stock Performance

FLN traded up $0.50 during trading on Tuesday, reaching $25.74. The company had a trading volume of 9,200 shares, compared to its average volume of 26,452. The firm’s 50-day simple moving average is $25.55 and its 200 day simple moving average is $23.02. The company has a market cap of $24.45 million, a price-to-earnings ratio of 9.93 and a beta of 0.91. First Trust Latin America AlphaDEX Fund has a 12-month low of $15.75 and a 12-month high of $28.50.

First Trust Latin America AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.3093 dividend. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.09. This represents a $1.24 annualized dividend and a dividend yield of 4.8%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. LPL Financial LLC raised its holdings in shares of First Trust Latin America AlphaDEX Fund by 65.3% during the fourth quarter. LPL Financial LLC now owns 103,194 shares of the company’s stock valued at $2,341,000 after acquiring an additional 40,773 shares during the period. Cetera Investment Advisers boosted its stake in First Trust Latin America AlphaDEX Fund by 3.1% in the 4th quarter. Cetera Investment Advisers now owns 25,504 shares of the company’s stock worth $578,000 after purchasing an additional 765 shares during the period. Raymond James Financial Inc. purchased a new position in First Trust Latin America AlphaDEX Fund during the 2nd quarter worth approximately $35,000. Farther Finance Advisors LLC grew its position in First Trust Latin America AlphaDEX Fund by 6.5% during the 4th quarter. Farther Finance Advisors LLC now owns 31,891 shares of the company’s stock worth $723,000 after purchasing an additional 1,942 shares in the last quarter. Finally, Triad Wealth Partners LLC acquired a new stake in First Trust Latin America AlphaDEX Fund during the 4th quarter valued at $238,000.

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.