First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Sees Large Drop in Short Interest

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 3,345 shares, a drop of 90.5% from the September 15th total of 35,286 shares. Based on an average daily trading volume, of 8,219 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

First Trust Latin America AlphaDEX Fund Stock Up 0.9%

NASDAQ FLN traded up $0.24 on Friday, reaching $27.74. The company had a trading volume of 3,338 shares, compared to its average volume of 18,648. The stock has a market capitalization of $48.55 million, a PE ratio of 9.93 and a beta of 0.74. First Trust Latin America AlphaDEX Fund has a 12 month low of $20.06 and a 12 month high of $28.50. The firm’s 50 day moving average price is $25.91 and its 200 day moving average price is $25.86.

First Trust Latin America AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a $0.1512 dividend. This is a decrease from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.2525. This represents a $0.60 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Thursday, September 24th.

Institutional Trading of First Trust Latin America AlphaDEX Fund

A number of institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. boosted its holdings in First Trust Latin America AlphaDEX Fund by 4.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 33,155 shares of the company’s stock valued at $820,000 after purchasing an additional 1,455 shares during the last quarter. GK Wealth Management LLC acquired a new position in shares of First Trust Latin America AlphaDEX Fund in the 2nd quarter valued at $268,000. Cetera Investment Advisers boosted its stake in First Trust Latin America AlphaDEX Fund by 11.9% during the 1st quarter. Cetera Investment Advisers now owns 28,544 shares of the company’s stock worth $729,000 after purchasing an additional 3,040 shares during the period. D.A. Davidson & CO. acquired a new stake in shares of First Trust Latin America AlphaDEX Fund during the first quarter worth $1,549,000. Finally, Balboa Wealth Partners purchased a new position in First Trust Latin America AlphaDEX Fund during the first quarter worth about $204,000.

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.