First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Sees Large Decrease in Short Interest

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 77,344 shares, a drop of 91.1% from the March 31st total of 864,569 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 192,223 shares, the short-interest ratio is currently 0.4 days.

First Trust Emerging Markets AlphaDEX Fund Price Performance

FEM traded up $0.47 during trading on Friday, reaching $32.88. 80,641 shares of the stock traded hands, compared to its average volume of 157,801. The stock has a market cap of $739.80 million, a price-to-earnings ratio of 9.20 and a beta of 0.58. First Trust Emerging Markets AlphaDEX Fund has a fifty-two week low of $22.46 and a fifty-two week high of $33.07. The stock’s 50-day simple moving average is $30.77 and its two-hundred day simple moving average is $28.80.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.0334 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.13 dividend on an annualized basis and a yield of 0.4%.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

Institutional investors have recently bought and sold shares of the company. Rathbones Group PLC boosted its position in First Trust Emerging Markets AlphaDEX Fund by 4.7% during the third quarter. Rathbones Group PLC now owns 42,433 shares of the company’s stock valued at $1,150,000 after purchasing an additional 1,911 shares during the last quarter. 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 valued at $61,000 after buying an additional 580 shares in the last quarter. Assetmark Inc. raised its holdings in First Trust Emerging Markets AlphaDEX Fund by 2.2% during the third quarter. Assetmark Inc. now owns 219,372 shares of the company’s stock valued at $5,945,000 after buying an additional 4,699 shares in the last quarter. Savvy Advisors Inc. bought a new position in First Trust Emerging Markets AlphaDEX Fund during the third quarter valued at about $216,000. Finally, Jones Financial Companies Lllp raised its holdings in First Trust Emerging Markets AlphaDEX Fund by 24.8% during the third quarter. Jones Financial Companies Lllp now owns 17,096 shares of the company’s stock valued at $457,000 after buying an additional 3,399 shares in the last quarter.

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.