First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Short Interest Up 76.8% in September

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 158,200 shares, a growth of 76.8% from the August 31st total of 89,500 shares. Based on an average trading volume of 45,400 shares, the days-to-cover ratio is currently 3.5 days. Based on an average trading volume of 45,400 shares, the days-to-cover ratio is currently 3.5 days.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

FEM stock remained flat at $27.06 during trading on Monday. The company’s stock had a trading volume of 6,827 shares, compared to its average volume of 60,314. First Trust Emerging Markets AlphaDEX Fund has a one year low of $19.74 and a one year high of $28.88. The company has a fifty day simple moving average of $26.39 and a two-hundred day simple moving average of $24.52. The stock has a market capitalization of $468.14 million, a price-to-earnings ratio of 9.20 and a beta of 0.85.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a $0.2827 dividend. The ex-dividend date was Thursday, September 25th. This represents a $1.13 annualized dividend and a dividend yield of 4.2%.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

Several institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. lifted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 26.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company’s stock valued at $47,000 after buying an additional 408 shares during the period. FSB Premier Wealth Management Inc. lifted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 4.9% in the second quarter. FSB Premier Wealth Management Inc. now owns 9,953 shares of the company’s stock valued at $244,000 after buying an additional 467 shares during the period. Pinnacle Family Advisors LLC lifted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 6.5% in the first quarter. Pinnacle Family Advisors LLC now owns 10,025 shares of the company’s stock valued at $229,000 after buying an additional 609 shares during the period. Harbour Investments Inc. lifted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 6.0% in the second quarter. Harbour Investments Inc. now owns 11,994 shares of the company’s stock valued at $295,000 after buying an additional 683 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 14.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 7,227 shares of the company’s stock valued at $165,000 after buying an additional 885 shares during the period.

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.