Short Interest in First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Expands By 474.3%

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 273,552 shares, an increase of 474.3% from the May 31st total of 47,635 shares. Currently, 1.2% of the shares of the company are short sold. Based on an average daily volume of 107,233 shares, the days-to-cover ratio is presently 2.6 days.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in the business. First Trust Advisors LP raised its stake in First Trust Emerging Markets AlphaDEX Fund by 2,581.4% during the 1st quarter. First Trust Advisors LP now owns 758,297 shares of the company’s stock valued at $22,714,000 after acquiring an additional 730,017 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 24.4% during the first quarter. Bank of America Corp DE now owns 1,303,530 shares of the company’s stock valued at $39,045,000 after purchasing an additional 255,989 shares during the period. Greenup Street Wealth Management LLC acquired a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the first quarter valued at $4,099,000. LPL Financial LLC raised its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 9.7% during the fourth quarter. LPL Financial LLC now owns 1,375,536 shares of the company’s stock valued at $37,621,000 after purchasing an additional 122,038 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 21.7% during the third quarter. UBS Group AG now owns 641,416 shares of the company’s stock valued at $17,382,000 after purchasing an additional 114,386 shares in the last quarter.

First Trust Emerging Markets AlphaDEX Fund Stock Down 0.1%

NASDAQ FEM traded down $0.04 on Friday, hitting $31.48. The stock had a trading volume of 45,424 shares, compared to its average volume of 141,201. First Trust Emerging Markets AlphaDEX Fund has a one year low of $24.19 and a one year high of $35.61. The stock has a market cap of $708.41 million, a price-to-earnings ratio of 9.20 and a beta of 0.60. The company’s 50-day moving average is $32.59 and its two-hundred day moving average is $30.52.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be given a dividend of $0.1899 per share. This is a boost from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.03. This represents a $0.76 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Thursday, June 25th.

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.