First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Sees Significant Increase in Short Interest

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 137,270 shares, a growth of 262.1% from the August 15th total of 37,914 shares. Based on an average daily trading volume, of 73,105 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.6% of the shares of the company are sold short.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

Shares of FEM stock traded down $0.64 on Monday, hitting $32.80. The company’s stock had a trading volume of 13,606 shares, compared to its average volume of 127,785. The stock’s 50 day moving average is $32.15 and its 200-day moving average is $31.83. 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 company has a market capitalization of $787.10 million, a PE ratio of 9.20 and a beta of 0.61.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.1899 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.3%. This is an increase from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, June 25th.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in FEM. Integrated Wealth Concepts LLC lifted its position in shares of First Trust Emerging Markets AlphaDEX Fund by 141.8% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 58,953 shares of the company’s stock valued at $1,886,000 after acquiring an additional 34,577 shares during the period. NewEdge Advisors LLC increased its position in shares of First Trust Emerging Markets AlphaDEX Fund by 4,381.1% in the second quarter. NewEdge Advisors LLC now owns 18,731 shares of the company’s stock worth $599,000 after purchasing an additional 18,313 shares during the period. IFP Advisors Inc raised its stake in First Trust Emerging Markets AlphaDEX Fund by 8.4% in the second quarter. IFP Advisors Inc now owns 117,309 shares of the company’s stock valued at $3,753,000 after purchasing an additional 9,135 shares in the last quarter. Tucker Asset Management LLC raised its stake in First Trust Emerging Markets AlphaDEX Fund by 51.8% in the second quarter. Tucker Asset Management LLC now owns 7,325 shares of the company’s stock valued at $234,000 after purchasing an additional 2,501 shares in the last quarter. Finally, Carlson Financial Inc. lifted its position in First Trust Emerging Markets AlphaDEX Fund by 10.5% during the second quarter. Carlson Financial Inc. now owns 8,093 shares of the company’s stock worth $259,000 after purchasing an additional 771 shares during the period.

About First Trust Emerging Markets AlphaDEX Fund

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.