First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Sees Significant Decrease in Short Interest

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 1,400 shares, a decline of 54.8% from the January 31st total of 3,100 shares. Based on an average daily trading volume, of 10,100 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On First Trust Latin America AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cetera Investment Advisers acquired a new stake in shares of First Trust Latin America AlphaDEX Fund during the fourth quarter worth $163,000. Headland Capital LLC acquired a new stake in First Trust Latin America AlphaDEX Fund in the fourth quarter worth $3,091,000. Coppell Advisory Solutions LLC grew its holdings in First Trust Latin America AlphaDEX Fund by 225.1% in the fourth quarter. Coppell Advisory Solutions LLC now owns 8,544 shares of the company’s stock worth $130,000 after purchasing an additional 5,916 shares during the period. OLD Mission Capital LLC lifted its stake in shares of First Trust Latin America AlphaDEX Fund by 7.1% in the fourth quarter. OLD Mission Capital LLC now owns 21,006 shares of the company’s stock valued at $319,000 after buying an additional 1,387 shares in the last quarter. Finally, Cottonwood Capital Advisors LLC lifted its stake in shares of First Trust Latin America AlphaDEX Fund by 9.8% in the fourth quarter. Cottonwood Capital Advisors LLC now owns 30,636 shares of the company’s stock valued at $465,000 after buying an additional 2,730 shares in the last quarter.

First Trust Latin America AlphaDEX Fund Price Performance

NASDAQ:FLN traded down $0.23 on Friday, hitting $16.50. 622 shares of the company’s stock were exchanged, compared to its average volume of 11,457. The company has a market cap of $14.03 million, a P/E ratio of 5.99 and a beta of 1.09. The firm has a 50-day moving average price of $16.14 and a 200-day moving average price of $17.00. First Trust Latin America AlphaDEX Fund has a 52 week low of $15.03 and a 52 week high of $21.07.

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.