Short Interest in First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Rises By 125.0%

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 900 shares, an increase of 125.0% from the October 15th total of 400 shares. Based on an average daily trading volume, of 5,300 shares, the short-interest ratio is presently 0.2 days.

First Trust Latin America AlphaDEX Fund Price Performance

Shares of NASDAQ FLN traded up $0.04 during trading hours on Wednesday, reaching $16.77. The stock had a trading volume of 2,604 shares, compared to its average volume of 18,359. The business’s fifty day moving average is $17.70 and its two-hundred day moving average is $18.33. First Trust Latin America AlphaDEX Fund has a twelve month low of $16.41 and a twelve month high of $21.07. The company has a market cap of $16.77 million, a price-to-earnings ratio of 5.99 and a beta of 1.09.

First Trust Latin America AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.3823 per share. This represents a $1.53 annualized dividend and a dividend yield of 9.12%. The ex-dividend date was Thursday, September 26th. This is a boost from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.19.

Hedge Funds Weigh In On First Trust Latin America AlphaDEX Fund

A hedge fund recently raised its stake in First Trust Latin America AlphaDEX Fund stock. Cottonwood Capital Advisors LLC lifted its holdings in shares of First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) by 6.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,203 shares of the company’s stock after buying an additional 1,063 shares during the period. Cottonwood Capital Advisors LLC owned about 1.52% of First Trust Latin America AlphaDEX Fund worth $335,000 as of its most recent filing with the SEC.

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.