First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Short Interest Update

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totaling 56,441 shares, a decline of 28.6% from the November 30th total of 79,044 shares. Based on an average daily trading volume, of 37,876 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 37,876 shares, the days-to-cover ratio is presently 1.5 days.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

NASDAQ:FEM traded up $0.15 during trading hours on Tuesday, hitting $27.54. The company’s stock had a trading volume of 44,895 shares, compared to its average volume of 55,470. First Trust Emerging Markets AlphaDEX Fund has a 52-week low of $19.74 and a 52-week high of $28.88. The business’s 50-day moving average is $26.99 and its two-hundred day moving average is $26.24. The company has a market capitalization of $476.44 million, a PE ratio of 9.20 and a beta of 0.64.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Friday, December 12th will be paid a $0.2092 dividend. The ex-dividend date is Friday, December 12th. This represents a $0.84 annualized dividend and a dividend yield of 3.0%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. boosted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 26.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company’s stock worth $47,000 after acquiring an additional 408 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in First Trust Emerging Markets AlphaDEX Fund in the 2nd quarter valued at approximately $51,000. Rossby Financial LCC raised its holdings in First Trust Emerging Markets AlphaDEX Fund by 34.7% during the third quarter. Rossby Financial LCC now owns 2,250 shares of the company’s stock worth $61,000 after purchasing an additional 580 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in First Trust Emerging Markets AlphaDEX Fund during the second quarter worth $115,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in First Trust Emerging Markets AlphaDEX Fund by 14.0% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 7,227 shares of the company’s stock worth $165,000 after purchasing an additional 885 shares in the last quarter.

About First Trust Emerging Markets AlphaDEX Fund

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.