First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Short Interest Update

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 56,441 shares, a decline of 28.6% from the November 30th total of 79,044 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 37,876 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily trading volume, of 37,876 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. lifted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 26.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company’s stock valued at $47,000 after purchasing an additional 408 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of First Trust Emerging Markets AlphaDEX Fund during the second quarter worth about $51,000. Rossby Financial LCC raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 34.7% in the 3rd quarter. Rossby Financial LCC now owns 2,250 shares of the company’s stock valued at $61,000 after purchasing an additional 580 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in First Trust Emerging Markets AlphaDEX Fund during the 2nd quarter valued at $115,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in First Trust Emerging Markets AlphaDEX Fund by 14.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 7,227 shares of the company’s stock worth $165,000 after purchasing an additional 885 shares in the last quarter.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

NASDAQ:FEM traded down $0.35 during mid-day trading on Monday, reaching $27.30. The stock had a trading volume of 6,772 shares, compared to its average volume of 55,431. First Trust Emerging Markets AlphaDEX Fund has a twelve month low of $19.74 and a twelve month high of $28.88. The firm has a market capitalization of $472.20 million, a price-to-earnings ratio of 9.20 and a beta of 0.64. The business has a 50 day simple moving average of $26.97 and a 200 day simple moving average of $26.23.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be issued a $0.2092 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Friday, December 12th.

First Trust Emerging Markets AlphaDEX Fund Company Profile

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.