First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Sees Large Growth in Short Interest

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 3,500 shares, a growth of 150.0% from the December 31st total of 1,400 shares. Based on an average daily volume of 7,800 shares, the short-interest ratio is currently 0.4 days.

First Trust Latin America AlphaDEX Fund Trading Up 1.2 %

FLN stock traded up $0.20 during trading hours on Thursday, hitting $16.57. 7,544 shares of the stock were exchanged, compared to its average volume of 20,013. The company has a 50-day simple moving average of $15.89 and a two-hundred day simple moving average of $17.16. First Trust Latin America AlphaDEX Fund has a 12 month low of $15.03 and a 12 month high of $21.07. The firm has a market capitalization of $14.08 million, a P/E ratio of 5.99 and a beta of 1.09.

Hedge Funds Weigh In On First Trust Latin America AlphaDEX Fund

A hedge fund recently raised its stake in First Trust Latin America AlphaDEX Fund stock. Cottonwood Capital Advisors LLC grew its position in First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) by 9.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 30,636 shares of the company’s stock after acquiring an additional 2,730 shares during the period. Cottonwood Capital Advisors LLC owned 3.60% of First Trust Latin America AlphaDEX Fund worth $465,000 as of its most recent filing with the SEC.

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.