First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Short Interest Up 27.2% in December

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 26,393 shares, an increase of 27.2% from the December 15th total of 20,750 shares. Based on an average daily trading volume, of 3,250 shares, the short-interest ratio is currently 8.1 days. Approximately 3.8% of the company’s shares are short sold. Approximately 3.8% of the company’s shares are short sold. Based on an average daily trading volume, of 3,250 shares, the short-interest ratio is currently 8.1 days.

Institutional Investors Weigh In On First Trust Latin America AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of FLN. Raymond James Financial Inc. acquired a new position in First Trust Latin America AlphaDEX Fund in the 2nd quarter valued at about $35,000. Coppell Advisory Solutions LLC grew its stake in First Trust Latin America AlphaDEX Fund by 106.1% during the 2nd quarter. Coppell Advisory Solutions LLC now owns 24,481 shares of the company’s stock worth $479,000 after purchasing an additional 12,600 shares in the last quarter. Cetera Investment Advisers purchased a new stake in First Trust Latin America AlphaDEX Fund during the 2nd quarter worth about $523,000. Envestnet Asset Management Inc. acquired a new stake in First Trust Latin America AlphaDEX Fund in the 2nd quarter valued at about $530,000. Finally, Cottonwood Capital Advisors LLC boosted its stake in shares of First Trust Latin America AlphaDEX Fund by 8.8% in the 3rd quarter. Cottonwood Capital Advisors LLC now owns 30,495 shares of the company’s stock valued at $653,000 after buying an additional 2,457 shares during the period.

First Trust Latin America AlphaDEX Fund Trading Up 0.6%

First Trust Latin America AlphaDEX Fund stock traded up $0.14 during mid-day trading on Friday, hitting $24.24. The company’s stock had a trading volume of 9,506 shares, compared to its average volume of 22,773. The stock’s fifty day moving average is $22.76 and its two-hundred day moving average is $21.26. The firm has a market capitalization of $19.39 million, a PE ratio of 9.93 and a beta of 0.91. First Trust Latin America AlphaDEX Fund has a 1 year low of $15.57 and a 1 year high of $24.32.

First Trust Latin America AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.3093 dividend. The ex-dividend date of this dividend was Friday, December 12th. This is an increase from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.09. This represents a $1.24 dividend on an annualized basis and a yield of 5.1%.

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.