Short Interest in First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Rises By 11.1%

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,000 shares, an increase of 11.1% from the October 31st total of 900 shares. Based on an average trading volume of 5,700 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On First Trust Latin America AlphaDEX Fund

Several hedge funds have recently bought and sold shares of FLN. Horizon Advisory Services Inc. raised its position in shares of First Trust Latin America AlphaDEX Fund by 3.2% during the second quarter. Horizon Advisory Services Inc. now owns 22,133 shares of the company’s stock worth $390,000 after purchasing an additional 691 shares during the period. Cottonwood Capital Advisors LLC raised its holdings in First Trust Latin America AlphaDEX Fund by 6.2% during the 2nd quarter. Cottonwood Capital Advisors LLC now owns 18,203 shares of the company’s stock worth $335,000 after buying an additional 1,063 shares during the period. Finally, Jane Street Group LLC lifted its stake in First Trust Latin America AlphaDEX Fund by 27.7% in the third quarter. Jane Street Group LLC now owns 69,053 shares of the company’s stock valued at $1,246,000 after buying an additional 14,960 shares in the last quarter.

First Trust Latin America AlphaDEX Fund Stock Up 1.2 %

NASDAQ FLN traded up $0.20 during trading hours on Tuesday, hitting $16.33. The company’s stock had a trading volume of 3,255 shares, compared to its average volume of 17,809. The stock has a fifty day moving average of $17.25 and a 200 day moving average of $18.00. First Trust Latin America AlphaDEX Fund has a twelve month low of $15.98 and a twelve month high of $21.07. The firm has a market capitalization of $16.33 million, a P/E ratio of 5.99 and a beta of 1.09.

First Trust Latin America AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.3823 per share. This is a positive change from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.53 annualized dividend and a yield of 9.36%.

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.