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

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 2,900 shares, a decrease of 84.4% from the December 15th total of 18,600 shares. Based on an average trading volume of 72,900 shares, the short-interest ratio is currently 0.0 days.

First Trust Emerging Markets AlphaDEX Fund Price Performance

NASDAQ:FEM traded down $0.04 during mid-day trading on Monday, reaching $21.28. The stock had a trading volume of 82,167 shares, compared to its average volume of 144,152. The stock has a market capitalization of $373.46 million, a PE ratio of 5.06 and a beta of 0.85. First Trust Emerging Markets AlphaDEX Fund has a 12 month low of $21.07 and a 12 month high of $25.38. The stock has a 50-day simple moving average of $22.46 and a two-hundred day simple moving average of $23.02.

First Trust Emerging Markets AlphaDEX Fund Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.1449 per share. The ex-dividend date was Friday, December 13th.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 19,213.2% in the third quarter. International Assets Investment Management LLC now owns 828,343 shares of the company’s stock worth $198,470,000 after purchasing an additional 824,054 shares during the period. Envestnet Asset Management Inc. increased its position in shares of First Trust Emerging Markets AlphaDEX Fund by 2.3% in the second quarter. Envestnet Asset Management Inc. now owns 529,699 shares of the company’s stock worth $12,681,000 after purchasing an additional 12,052 shares during the last quarter. Sanctuary Advisors LLC raised its stake in First Trust Emerging Markets AlphaDEX Fund by 8.1% in the third quarter. Sanctuary Advisors LLC now owns 450,578 shares of the company’s stock valued at $10,066,000 after purchasing an additional 33,577 shares in the last quarter. Private Advisor Group LLC raised its stake in First Trust Emerging Markets AlphaDEX Fund by 7.4% in the third quarter. Private Advisor Group LLC now owns 169,011 shares of the company’s stock valued at $4,050,000 after purchasing an additional 11,655 shares in the last quarter. Finally, Assetmark Inc. raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 17.7% during the 3rd quarter. Assetmark Inc. now owns 156,119 shares of the company’s stock valued at $3,741,000 after buying an additional 23,509 shares in 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.