First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Sees Large Drop in Short Interest

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totalling 18,600 shares, a decline of 87.6% from the November 30th total of 150,600 shares. Based on an average daily volume of 63,100 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in First Trust Emerging Markets AlphaDEX Fund by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 279,734 shares of the company’s stock valued at $6,697,000 after acquiring an additional 4,923 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of First Trust Emerging Markets AlphaDEX Fund by 3.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 169,130 shares of the company’s stock valued at $4,049,000 after purchasing an additional 5,216 shares during the period. International Assets Investment Management LLC bought a new stake in First Trust Emerging Markets AlphaDEX Fund during the 2nd quarter worth approximately $103,000. Pine Valley Investments Ltd Liability Co raised its holdings in First Trust Emerging Markets AlphaDEX Fund by 7.0% during the 2nd 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 during the period. Finally, Commonwealth Equity Services LLC lifted its stake in First Trust Emerging Markets AlphaDEX Fund by 1.5% in the second quarter. Commonwealth Equity Services LLC now owns 52,409 shares of the company’s stock valued at $1,255,000 after buying an additional 767 shares in the last quarter.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

NASDAQ:FEM traded down $0.02 during mid-day trading on Thursday, hitting $22.42. The company had a trading volume of 29,440 shares, compared to its average volume of 60,890. First Trust Emerging Markets AlphaDEX Fund has a fifty-two week low of $21.43 and a fifty-two week high of $25.38. The firm has a market cap of $412.53 million, a P/E ratio of 5.06 and a beta of 0.85. The business’s fifty day moving average is $22.69 and its two-hundred day moving average is $23.21.

First Trust Emerging Markets AlphaDEX Fund Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.1449 dividend. The ex-dividend date of this dividend is Friday, December 13th.

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.