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

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 11,600 shares, a decrease of 75.1% from the October 15th total of 46,600 shares. Based on an average daily volume of 59,200 shares, the short-interest ratio is presently 0.2 days.

First Trust Emerging Markets AlphaDEX Fund Trading Down 2.2 %

Shares of NASDAQ:FEM traded down $0.51 during mid-day trading on Tuesday, reaching $22.38. The company had a trading volume of 35,558 shares, compared to its average volume of 59,435. First Trust Emerging Markets AlphaDEX Fund has a one year low of $20.53 and a one year high of $25.38. The company’s 50-day moving average price is $23.09 and its 200-day moving average price is $23.65. The firm has a market cap of $411.79 million, a price-to-earnings ratio of 5.06 and a beta of 0.85.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.3247 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 5.80%. This is an increase from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. grew its holdings in First Trust Emerging Markets AlphaDEX Fund by 11.8% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 41,172 shares of the company’s stock worth $942,000 after acquiring an additional 4,351 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 1.9% in the 1st quarter. Oppenheimer & Co. Inc. now owns 31,017 shares of the company’s stock worth $709,000 after purchasing an additional 569 shares during the last quarter. Kingsview Wealth Management LLC increased its position in shares of First Trust Emerging Markets AlphaDEX Fund by 10.0% during the first quarter. Kingsview Wealth Management LLC now owns 358,555 shares of the company’s stock valued at $8,200,000 after acquiring an additional 32,466 shares in the last quarter. CreativeOne Wealth LLC bought a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the first quarter valued at $283,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in First Trust Emerging Markets AlphaDEX Fund during the first quarter valued at approximately $285,000.

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.