First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Sees Significant Decrease in Short Interest

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 20,622 shares, a drop of 57.0% from the June 15th total of 47,958 shares. Based on an average trading volume of 13,150 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.5% of the company’s shares are sold short.

Institutional Trading of First Trust Latin America AlphaDEX Fund

Hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in First Trust Latin America AlphaDEX Fund during the second quarter worth $35,000. Balboa Wealth Partners purchased a new stake in shares of First Trust Latin America AlphaDEX Fund during the 1st quarter worth about $204,000. Triad Wealth Partners LLC acquired a new stake in shares of First Trust Latin America AlphaDEX Fund during the 4th quarter valued at about $238,000. GK Wealth Management LLC acquired a new stake in shares of First Trust Latin America AlphaDEX Fund during the 2nd quarter valued at about $268,000. Finally, Cetera Investment Advisers grew its stake in shares of First Trust Latin America AlphaDEX Fund by 3.1% in the 4th quarter. Cetera Investment Advisers now owns 25,504 shares of the company’s stock valued at $578,000 after buying an additional 765 shares in the last quarter.

First Trust Latin America AlphaDEX Fund Stock Performance

NASDAQ FLN traded up $0.37 during trading on Tuesday, reaching $25.78. 1,246 shares of the company’s stock were exchanged, compared to its average volume of 21,951. The company has a 50 day moving average price of $25.44 and a two-hundred day moving average price of $25.57. The stock has a market cap of $36.10 million, a P/E ratio of 9.93 and a beta of 0.76. First Trust Latin America AlphaDEX Fund has a 1 year low of $18.51 and a 1 year high of $28.50.

First Trust Latin America AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.2525 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.01 annualized dividend and a yield of 3.9%. This is an increase from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.23.

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.