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

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 168,304 shares, a growth of 117.6% from the April 15th total of 77,344 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily volume of 126,230 shares, the days-to-cover ratio is currently 1.3 days.

First Trust Emerging Markets AlphaDEX Fund Price Performance

FEM opened at $32.03 on Friday. First Trust Emerging Markets AlphaDEX Fund has a fifty-two week low of $23.40 and a fifty-two week high of $33.77. The firm’s fifty day moving average price is $31.35 and its two-hundred day moving average price is $29.41. The company has a market capitalization of $720.68 million, a P/E ratio of 9.20 and a beta of 0.62.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

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

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Formidable Asset Management LLC boosted its holdings in First Trust Emerging Markets AlphaDEX Fund by 2.2% during the fourth quarter. Formidable Asset Management LLC now owns 19,363 shares of the company’s stock valued at $525,000 after purchasing an additional 415 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 0.6% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 605,433 shares of the company’s stock valued at $16,559,000 after purchasing an additional 3,711 shares during the period. Rathbones Group PLC raised its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 4.7% in the 3rd quarter. Rathbones Group PLC now owns 42,433 shares of the company’s stock worth $1,150,000 after buying an additional 1,911 shares in the last quarter. Rossby Financial LCC raised its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 34.7% in the 3rd quarter. Rossby Financial LCC now owns 2,250 shares of the company’s stock worth $61,000 after buying an additional 580 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of First Trust Emerging Markets AlphaDEX Fund by 2.2% during the 3rd quarter. Assetmark Inc. now owns 219,372 shares of the company’s stock worth $5,945,000 after buying an additional 4,699 shares during the period.

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.