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

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 19,818 shares, an increase of 51.3% from the July 30th total of 13,095 shares. Based on an average daily volume of 9,415 shares, the short-interest ratio is presently 2.1 days. Currently, 1.4% of the company’s shares are short sold.

Hedge Funds Weigh In On First Trust Latin America AlphaDEX Fund

A number of hedge funds have recently added to or reduced their stakes in FLN. Raymond James Financial Inc. purchased a new position in shares of First Trust Latin America AlphaDEX Fund during the second quarter worth approximately $35,000. Balboa Wealth Partners bought a new stake in shares of First Trust Latin America AlphaDEX Fund during the first quarter valued at approximately $204,000. GK Wealth Management LLC purchased a new stake in shares of First Trust Latin America AlphaDEX Fund in the second quarter valued at approximately $268,000. Cetera Investment Advisers purchased a new stake in shares of First Trust Latin America AlphaDEX Fund in the second quarter valued at approximately $523,000. Finally, D.A. Davidson & CO. bought a new position in First Trust Latin America AlphaDEX Fund in the first quarter worth approximately $1,549,000.

First Trust Latin America AlphaDEX Fund Trading Up 2.4%

NASDAQ:FLN opened at $26.40 on Thursday. The company has a market cap of $38.28 million, a price-to-earnings ratio of 9.93 and a beta of 0.76. First Trust Latin America AlphaDEX Fund has a twelve month low of $19.87 and a twelve month high of $28.50. The stock has a fifty day simple moving average of $25.40 and a 200-day simple moving average of $25.77.

First Trust Latin America AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.2525 per share. This represents a $1.01 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.23.

First Trust Latin America AlphaDEX Fund Company Profile

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.