Short Interest in First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Expands By 30.7%

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 34,499 shares, an increase of 30.7% from the December 31st total of 26,393 shares. Based on an average trading volume of 23,534 shares, the days-to-cover ratio is currently 1.5 days. Currently, 3.6% of the shares of the stock are sold short. Currently, 3.6% of the shares of the stock are sold short. Based on an average trading volume of 23,534 shares, the days-to-cover ratio is currently 1.5 days.

Hedge Funds Weigh In On First Trust Latin America AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in First Trust Latin America AlphaDEX Fund in the 2nd quarter worth approximately $35,000. Triad Wealth Partners LLC purchased a new position in shares of First Trust Latin America AlphaDEX Fund in the fourth quarter valued at $238,000. Coppell Advisory Solutions LLC grew its holdings in shares of First Trust Latin America AlphaDEX Fund by 106.1% in the second quarter. Coppell Advisory Solutions LLC now owns 24,481 shares of the company’s stock valued at $479,000 after purchasing an additional 12,600 shares in the last quarter. Cetera Investment Advisers bought a new stake in First Trust Latin America AlphaDEX Fund in the second quarter worth $523,000. Finally, Envestnet Asset Management Inc. purchased a new stake in First Trust Latin America AlphaDEX Fund during the second quarter valued at $530,000.

First Trust Latin America AlphaDEX Fund Stock Performance

Shares of NASDAQ FLN opened at $26.74 on Wednesday. The company has a market cap of $25.41 million, a P/E ratio of 9.93 and a beta of 0.91. The firm’s fifty day moving average is $23.63 and its two-hundred day moving average is $21.79. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.3093 dividend. This represents a $1.24 annualized dividend and a dividend yield of 4.6%. This is a positive change from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, December 12th.

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.