First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Short Interest Update

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) saw a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 1,563 shares, a decline of 37.1% from the February 26th total of 2,486 shares. Based on an average daily volume of 35,595 shares, the short-interest ratio is presently 0.0 days. Currently, 0.2% of the company’s stock are sold short.

First Trust Latin America AlphaDEX Fund Price Performance

Shares of FLN stock traded down $0.22 during mid-day trading on Friday, hitting $24.56. 11,566 shares of the stock traded hands, compared to its average volume of 28,096. The stock has a market cap of $23.33 million, a P/E ratio of 9.93 and a beta of 0.91. The stock’s fifty day moving average is $25.91 and its two-hundred day moving average is $23.38. First Trust Latin America AlphaDEX Fund has a 52-week low of $15.75 and a 52-week high of $28.50.

First Trust Latin America AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 26th will be given a dividend of $0.2349 per share. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.94 dividend on an annualized basis and a yield of 3.8%.

Institutional Investors Weigh In On First Trust Latin America AlphaDEX Fund

Institutional investors have recently bought and sold shares of the company. LPL Financial LLC increased its position in shares of First Trust Latin America AlphaDEX Fund by 65.3% during the fourth quarter. LPL Financial LLC now owns 103,194 shares of the company’s stock worth $2,341,000 after purchasing an additional 40,773 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of First Trust Latin America AlphaDEX Fund in the 2nd quarter worth $523,000. 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 buying an additional 12,600 shares during the last quarter. Triad Wealth Partners LLC acquired a new position in First Trust Latin America AlphaDEX Fund during the 4th quarter valued at about $238,000. Finally, Cottonwood Capital Advisors LLC increased its position in First Trust Latin America AlphaDEX Fund by 8.8% during 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 in the last quarter.

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.