Short Interest in First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Drops By 86.5%

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) saw a significant decrease in short interest during the month of February. As of February 13th, there was short interest totaling 36,733 shares, a decrease of 86.5% from the January 29th total of 271,629 shares. Based on an average daily volume of 267,004 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 267,004 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of institutional investors have recently modified their holdings of the business. MidFirst Bank bought a new position in First Trust Emerging Markets AlphaDEX Fund during the fourth quarter worth about $63,000. Van Diest Capital LLC bought a new stake in First Trust Emerging Markets AlphaDEX Fund in the 4th quarter valued at about $227,000. Crusonia Wealth Advisors LLC acquired a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the 4th quarter worth approximately $767,000. Pacific Excel Wealth Advisors Inc. acquired a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the 4th quarter worth approximately $407,000. Finally, VestGen Advisors LLC bought a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the fourth quarter worth approximately $1,196,000.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

Shares of NASDAQ FEM traded up $0.41 during trading hours on Wednesday, reaching $31.70. 365,709 shares of the stock were exchanged, compared to its average volume of 146,062. The firm has a market capitalization of $575.36 million, a price-to-earnings ratio of 9.20 and a beta of 0.64. The stock’s fifty day simple moving average is $29.08 and its 200 day simple moving average is $27.59. First Trust Emerging Markets AlphaDEX Fund has a 52 week low of $19.74 and a 52 week high of $32.98.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.2092 per share. The ex-dividend date was Friday, December 12th. This represents a $0.84 annualized dividend and a yield of 2.6%.

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.