Short Interest in First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Decreases By 57.0%

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 20,622 shares, a decrease of 57.0% from the June 15th total of 47,958 shares. Based on an average daily trading volume, of 13,150 shares, the short-interest ratio is presently 1.6 days. Currently, 1.5% of the shares of the company are sold short.

Hedge Funds Weigh In On First Trust Latin America AlphaDEX Fund

A number of large investors have recently bought and sold shares of the business. Cetera Investment Advisers grew its holdings in First Trust Latin America AlphaDEX Fund by 3.1% in the fourth 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 period. LPL Financial LLC raised its stake in shares of First Trust Latin America AlphaDEX Fund by 65.3% during the 4th quarter. LPL Financial LLC now owns 103,194 shares of the company’s stock worth $2,341,000 after buying an additional 40,773 shares during the period. Raymond James Financial Inc. purchased a new position in shares of First Trust Latin America AlphaDEX Fund during the 2nd quarter valued at approximately $35,000. GK Wealth Management LLC purchased a new position in shares of First Trust Latin America AlphaDEX Fund during the 2nd quarter valued at approximately $268,000. Finally, D.A. Davidson & CO. acquired a new stake in First Trust Latin America AlphaDEX Fund in the 1st quarter valued at $1,549,000.

First Trust Latin America AlphaDEX Fund Trading Down 0.9%

FLN traded down $0.24 on Thursday, reaching $25.61. The stock had a trading volume of 3,399 shares, compared to its average volume of 21,653. First Trust Latin America AlphaDEX Fund has a 12-month low of $18.51 and a 12-month high of $28.50. The business’s 50-day moving average price is $25.39 and its two-hundred day moving average price is $25.62. The company has a market cap of $37.13 million, a P/E ratio of 9.93 and a beta of 0.76.

First Trust Latin America AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.2525 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.01 annualized dividend and a dividend yield of 3.9%. This is a boost from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.23.

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.