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

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEMGet Free Report) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 2,900 shares, a decline of 84.4% from the December 15th total of 18,600 shares. Based on an average daily trading volume, of 72,900 shares, the days-to-cover ratio is currently 0.0 days.

First Trust Emerging Markets AlphaDEX Fund Price Performance

FEM stock traded up $0.32 during trading hours on Tuesday, reaching $21.60. 40,910 shares of the stock were exchanged, compared to its average volume of 131,239. The firm’s 50-day moving average is $22.46 and its 200-day moving average is $23.02. First Trust Emerging Markets AlphaDEX Fund has a 12 month low of $21.07 and a 12 month high of $25.38. The company has a market cap of $379.08 million, a price-to-earnings ratio of 5.06 and a beta of 0.85.

First Trust Emerging Markets AlphaDEX Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.1449 dividend. The ex-dividend date of this dividend was Friday, December 13th.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

Several hedge funds have recently modified their holdings of FEM. Gateway Wealth Partners LLC increased its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 3.0% during the 3rd quarter. Gateway Wealth Partners LLC now owns 31,243 shares of the company’s stock worth $749,000 after purchasing an additional 916 shares during the last quarter. Private Advisor Group LLC grew its holdings in First Trust Emerging Markets AlphaDEX Fund by 7.4% in the 3rd quarter. Private Advisor Group LLC now owns 169,011 shares of the company’s stock valued at $4,050,000 after buying an additional 11,655 shares in the last quarter. International Assets Investment Management LLC increased its position in First Trust Emerging Markets AlphaDEX Fund by 19,213.2% during the third quarter. International Assets Investment Management LLC now owns 828,343 shares of the company’s stock worth $198,470,000 after acquiring an additional 824,054 shares during the period. Trueblood Wealth Management LLC increased its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 17.9% during the third quarter. Trueblood Wealth Management LLC now owns 13,817 shares of the company’s stock worth $331,000 after purchasing an additional 2,100 shares during the period. Finally, Concourse Financial Group Securities Inc. raised its holdings in First Trust Emerging Markets AlphaDEX Fund by 18.5% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 26,985 shares of the company’s stock valued at $647,000 after acquiring an additional 4,205 shares in the last quarter.

First Trust Emerging Markets AlphaDEX Fund Company Profile

(Get Free Report)

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.

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