Short Interest in First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Decreases By 84.4%

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) saw a large decline in short interest during the month of 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 volume of 72,900 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

A number of institutional investors and hedge funds have recently bought and sold shares of FEM. International Assets Investment Management LLC increased its holdings in First Trust Emerging Markets AlphaDEX Fund by 19,213.2% in the third quarter. International Assets Investment Management LLC now owns 828,343 shares of the company’s stock worth $198,470,000 after purchasing an additional 824,054 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of First Trust Emerging Markets AlphaDEX Fund by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 529,699 shares of the company’s stock valued at $12,681,000 after buying an additional 12,052 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 8.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 450,578 shares of the company’s stock worth $10,066,000 after acquiring an additional 33,577 shares in the last quarter. Private Advisor Group LLC increased its stake 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 during the last quarter. Finally, Assetmark Inc. increased its position in shares of First Trust Emerging Markets AlphaDEX Fund by 17.7% during the third quarter. Assetmark Inc. now owns 156,119 shares of the company’s stock valued at $3,741,000 after acquiring an additional 23,509 shares during the last quarter.

First Trust Emerging Markets AlphaDEX Fund Price Performance

FEM stock traded up $0.32 during midday trading on Tuesday, reaching $21.60. 40,910 shares of the stock were exchanged, compared to its average volume of 131,239. The company has a fifty day moving average price of $22.46 and a 200 day moving average price of $23.02. The stock has a market capitalization of $379.08 million, a PE ratio of 5.06 and a beta of 0.85. First Trust Emerging Markets AlphaDEX Fund has a 52 week low of $21.07 and a 52 week high of $25.38.

First Trust Emerging Markets AlphaDEX Fund Announces Dividend

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

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.