Short Interest in First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Increases By 1,689.6%

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 85,900 shares, a growth of 1,689.6% from the February 28th total of 4,800 shares. Based on an average daily trading volume, of 82,300 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.5% of the company’s shares are short sold.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

A number of large investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its stake in First Trust Emerging Markets AlphaDEX Fund by 1.2% in the fourth quarter. Wells Fargo & Company MN now owns 1,332,636 shares of the company’s stock valued at $29,356,000 after buying an additional 16,207 shares in the last quarter. Bank of America Corp DE lifted its position in First Trust Emerging Markets AlphaDEX Fund by 64.1% in the 4th quarter. Bank of America Corp DE now owns 1,039,178 shares of the company’s stock valued at $22,892,000 after acquiring an additional 405,760 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in First Trust Emerging Markets AlphaDEX Fund by 2.5% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 569,208 shares of the company’s stock worth $12,539,000 after purchasing an additional 13,754 shares during the period. Envestnet Asset Management Inc. boosted its stake in First Trust Emerging Markets AlphaDEX Fund by 2.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 545,663 shares of the company’s stock worth $12,020,000 after purchasing an additional 12,493 shares during the period. Finally, Sanctuary Advisors LLC increased its holdings in First Trust Emerging Markets AlphaDEX Fund by 3.9% during the 4th quarter. Sanctuary Advisors LLC now owns 468,075 shares of the company’s stock worth $10,468,000 after purchasing an additional 17,497 shares in the last quarter.

First Trust Emerging Markets AlphaDEX Fund Trading Up 0.6 %

NASDAQ:FEM opened at $23.24 on Friday. First Trust Emerging Markets AlphaDEX Fund has a 1 year low of $21.07 and a 1 year high of $25.38. The stock has a 50-day moving average price of $22.69 and a two-hundred day moving average price of $22.71. The stock has a market cap of $404.38 million, a price-to-earnings ratio of 7.52 and a beta of 0.85.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be given a $0.0393 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.16 annualized dividend and a dividend yield of 0.68%.

First Trust Emerging Markets AlphaDEX Fund Company Profile

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.