First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Short Interest Up 64.2% in January

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 271,629 shares, an increase of 64.2% from the January 15th total of 165,474 shares. Currently, 1.5% of the company’s shares are sold short. Based on an average daily volume of 101,643 shares, the days-to-cover ratio is presently 2.7 days. Based on an average daily volume of 101,643 shares, the days-to-cover ratio is presently 2.7 days. Currently, 1.5% of the company’s shares are sold short.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

Shares of FEM traded down $0.08 on Friday, reaching $30.54. The stock had a trading volume of 998,706 shares, compared to its average volume of 147,654. The firm has a market capitalization of $554.30 million, a price-to-earnings ratio of 9.20 and a beta of 0.64. First Trust Emerging Markets AlphaDEX Fund has a 12-month low of $19.74 and a 12-month high of $32.98. The company has a 50-day simple moving average of $28.54 and a 200-day simple moving average of $27.29.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.2092 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Friday, December 12th.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC acquired a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the first quarter worth $165,000. Jones Financial Companies Lllp raised its stake in First Trust Emerging Markets AlphaDEX Fund by 39.2% in the first quarter. Jones Financial Companies Lllp now owns 7,854 shares of the company’s stock valued at $180,000 after buying an additional 2,210 shares during the last quarter. CWM LLC boosted its holdings in First Trust Emerging Markets AlphaDEX Fund by 147.2% in the second quarter. CWM LLC now owns 115,325 shares of the company’s stock worth $2,832,000 after acquiring an additional 68,677 shares in the last quarter. Harbour Investments Inc. grew its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 6.0% during the second quarter. Harbour Investments Inc. now owns 11,994 shares of the company’s stock worth $295,000 after acquiring an additional 683 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 19.5% in the second quarter. Assetmark Inc. now owns 214,673 shares of the company’s stock worth $5,272,000 after buying an additional 35,099 shares during the last quarter.

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.