First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Short Interest Update

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 1,000 shares, a growth of 11.1% from the October 31st total of 900 shares. Based on an average daily volume of 5,700 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On First Trust Latin America AlphaDEX Fund

A number of institutional investors have recently bought and sold shares of FLN. Cottonwood Capital Advisors LLC lifted its stake in First Trust Latin America AlphaDEX Fund by 6.2% during the second quarter. Cottonwood Capital Advisors LLC now owns 18,203 shares of the company’s stock worth $335,000 after purchasing an additional 1,063 shares during the last quarter. Horizon Advisory Services Inc. grew its stake in shares of 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 worth $390,000 after purchasing an additional 691 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of First Trust Latin America AlphaDEX Fund by 27.7% during the 3rd quarter. Jane Street Group LLC now owns 69,053 shares of the company’s stock worth $1,246,000 after buying an additional 14,960 shares in the last quarter.

First Trust Latin America AlphaDEX Fund Price Performance

Shares of NASDAQ:FLN traded down $0.13 during trading on Monday, reaching $16.13. The company had a trading volume of 22,988 shares, compared to its average volume of 17,872. The stock’s fifty day moving average price is $17.29 and its 200 day moving average price is $18.03. The firm has a market capitalization of $16.13 million, a price-to-earnings ratio of 5.99 and a beta of 1.09. First Trust Latin America AlphaDEX Fund has a fifty-two week low of $15.98 and a fifty-two week high of $21.07.

First Trust Latin America AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.3823 dividend. This is an increase from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.53 annualized dividend and a yield of 9.48%.

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.