First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM – Get Free Report) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 13,828 shares, a drop of 78.0% from the September 15th total of 62,848 shares. Based on an average daily trading volume, of 114,850 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.
First Trust Emerging Markets AlphaDEX Fund Stock Down 0.1%
Shares of NASDAQ FEM traded down $0.03 during trading on Monday, hitting $33.13. The company had a trading volume of 49,821 shares, compared to its average volume of 125,626. The firm has a market capitalization of $815.00 million, a price-to-earnings ratio of 9.20 and a beta of 0.62. First Trust Emerging Markets AlphaDEX Fund has a fifty-two week low of $25.93 and a fifty-two week high of $35.61. The stock has a fifty day simple moving average of $32.81 and a two-hundred day simple moving average of $32.21.
First Trust Emerging Markets AlphaDEX Fund Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a $0.2849 dividend. This is a boost from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.1899. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Thursday, September 24th.
Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund
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.
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