First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Sees Large Increase in Short Interest

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 1,400 shares, a growth of 40.0% from the November 30th total of 1,000 shares. Based on an average daily volume of 6,800 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On First Trust Latin America AlphaDEX Fund

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC grew its stake in shares of First Trust Latin America AlphaDEX Fund by 27.7% in the third quarter. Jane Street Group LLC now owns 69,053 shares of the company’s stock valued at $1,246,000 after buying an additional 14,960 shares in the last quarter. Cottonwood Capital Advisors LLC grew its position in First Trust Latin America AlphaDEX Fund by 53.3% in the third quarter. Cottonwood Capital Advisors LLC now owns 27,906 shares of the company’s stock valued at $503,000 after acquiring an additional 9,703 shares in the last quarter. Finally, Horizon Advisory Services Inc. grew its position in First Trust Latin America AlphaDEX Fund by 3.2% in the second quarter. Horizon Advisory Services Inc. now owns 22,133 shares of the company’s stock valued at $390,000 after acquiring an additional 691 shares in the last quarter.

First Trust Latin America AlphaDEX Fund Stock Performance

Shares of NASDAQ:FLN traded down $0.19 during trading on Monday, reaching $15.18. 8,265 shares of the stock were exchanged, compared to its average volume of 17,099. The firm’s 50-day moving average price is $16.54 and its 200 day moving average price is $17.56. The firm has a market cap of $15.18 million, a price-to-earnings ratio of 5.99 and a beta of 1.09. First Trust Latin America AlphaDEX Fund has a 12-month low of $15.16 and a 12-month high of $21.07.

About First Trust Latin America AlphaDEX Fund

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.