First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Short Interest Up 4,030.0% in August

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 41,300 shares, a growth of 4,030.0% from the August 15th total of 1,000 shares. Based on an average daily volume of 58,300 shares, the short-interest ratio is currently 0.7 days.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

First Trust Emerging Markets AlphaDEX Fund stock traded up $0.09 during mid-day trading on Thursday, reaching $22.26. 16,374 shares of the company were exchanged, compared to its average volume of 60,173. The business has a fifty day moving average of $23.36 and a 200 day moving average of $23.64. First Trust Emerging Markets AlphaDEX Fund has a 12-month low of $19.54 and a 12-month high of $25.38. The firm has a market cap of $415.15 million, a P/E ratio of 5.06 and a beta of 0.85.

First Trust Emerging Markets AlphaDEX Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a $0.2411 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend was Thursday, June 27th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. grew its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 1.9% during the 1st quarter. Oppenheimer & Co. Inc. now owns 31,017 shares of the company’s stock worth $709,000 after purchasing an additional 569 shares during the period. Pine Valley Investments Ltd Liability Co grew its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 7.0% during the second quarter. Pine Valley Investments Ltd Liability Co now owns 10,960 shares of the company’s stock worth $262,000 after buying an additional 713 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in First Trust Emerging Markets AlphaDEX Fund by 1.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 52,409 shares of the company’s stock valued at $1,255,000 after acquiring an additional 767 shares during the last quarter. RFG Advisory LLC lifted its position in First Trust Emerging Markets AlphaDEX Fund by 6.5% during the second quarter. RFG Advisory LLC now owns 12,651 shares of the company’s stock worth $303,000 after buying an additional 770 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 5.5% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 14,928 shares of the company’s stock valued at $357,000 after purchasing an additional 778 shares during the last quarter.

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.