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

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 500 shares, an increase of 400.0% from the July 31st total of 100 shares. Based on an average daily trading volume, of 42,000 shares, the short-interest ratio is currently 0.0 days.

First Trust Latin America AlphaDEX Fund Stock Up 0.1 %

FLN stock traded up $0.01 during midday trading on Wednesday, reaching $18.43. The company had a trading volume of 759 shares, compared to its average volume of 22,603. First Trust Latin America AlphaDEX Fund has a fifty-two week low of $16.41 and a fifty-two week high of $21.07. The firm has a market capitalization of $22.12 million, a PE ratio of 5.99 and a beta of 1.09. The stock has a 50 day moving average price of $18.18 and a 200 day moving average price of $19.29.

First Trust Latin America AlphaDEX Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a $0.3805 dividend. The ex-dividend date was Thursday, June 27th.

Institutional Trading of First Trust Latin America AlphaDEX Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Horizon Advisory Services Inc. lifted its holdings in First Trust Latin America AlphaDEX Fund by 3.2% during the 2nd quarter. Horizon Advisory Services Inc. now owns 22,133 shares of the company’s stock valued at $390,000 after purchasing an additional 691 shares during the last quarter. Cottonwood Capital Advisors LLC increased its holdings in First Trust Latin America AlphaDEX Fund by 6.2% in the second quarter. Cottonwood Capital Advisors LLC now owns 18,203 shares of the company’s stock valued at $335,000 after purchasing an additional 1,063 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its position in shares of First Trust Latin America AlphaDEX Fund by 3.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 112,203 shares of the company’s stock worth $2,323,000 after buying an additional 3,495 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of First Trust Latin America AlphaDEX Fund in the 4th quarter valued at approximately $78,000. Finally, Saxon Interests Inc. grew its holdings in First Trust Latin America AlphaDEX Fund by 38.7% during the first quarter. Saxon Interests Inc. now owns 26,138 shares of the company’s stock valued at $541,000 after purchasing an additional 7,297 shares during the period.

About First Trust Latin America AlphaDEX Fund

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.