First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Short Interest Up 43.4% in June

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 32,400 shares, a growth of 43.4% from the May 31st total of 22,600 shares. Based on an average daily trading volume, of 45,300 shares, the short-interest ratio is presently 0.7 days.

First Trust Emerging Markets AlphaDEX Fund Price Performance

Shares of FEM traded down $0.05 during mid-day trading on Monday, hitting $23.89. The stock had a trading volume of 80,565 shares, compared to its average volume of 60,461. First Trust Emerging Markets AlphaDEX Fund has a 52 week low of $19.54 and a 52 week high of $25.38. The business has a fifty day moving average price of $24.28 and a 200-day moving average price of $23.21. The firm has a market cap of $443.16 million, a P/E ratio of 5.06 and a beta of 0.85.

First Trust Emerging Markets AlphaDEX Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a $0.2411 dividend. This represents a $0.96 annualized dividend and a yield of 4.04%. The ex-dividend date was Thursday, June 27th.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Atria Wealth Solutions Inc. boosted its position in shares of First Trust Emerging Markets AlphaDEX Fund by 3.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 20,833 shares of the company’s stock valued at $461,000 after acquiring an additional 714 shares during the period. Golden State Equity Partners purchased a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the 4th quarter valued at $390,000. International Assets Investment Management LLC bought a new position in shares of First Trust Emerging Markets AlphaDEX Fund in the fourth quarter worth $1,327,000. Luken Investment Analytics LLC raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 2.8% in the fourth quarter. Luken Investment Analytics LLC now owns 413,057 shares of the company’s stock worth $9,141,000 after buying an additional 11,418 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in First Trust Emerging Markets AlphaDEX Fund by 2.8% during the fourth quarter. Raymond James & Associates now owns 78,085 shares of the company’s stock valued at $1,728,000 after buying an additional 2,090 shares during the period.

About First Trust Emerging Markets AlphaDEX Fund

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.