First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Short Interest Down 37.1% in March

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 1,563 shares, a drop of 37.1% from the February 26th total of 2,486 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 35,595 shares, the days-to-cover ratio is presently 0.0 days.

First Trust Latin America AlphaDEX Fund Trading Down 3.1%

Shares of FLN stock opened at $24.78 on Friday. The company has a market capitalization of $23.54 million, a price-to-earnings ratio of 9.93 and a beta of 0.91. The firm has a 50-day moving average price of $25.91 and a 200 day moving average price of $23.35. First Trust Latin America AlphaDEX Fund has a twelve month low of $15.75 and a twelve month high of $28.50.

First Trust Latin America AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th will be issued a $0.2349 dividend. The ex-dividend date is Thursday, March 26th. This represents a $0.94 annualized dividend and a yield of 3.8%.

Hedge Funds Weigh In On First Trust Latin America AlphaDEX Fund

Large investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers acquired a new stake in First Trust Latin America AlphaDEX Fund in the 2nd quarter worth about $523,000. Raymond James Financial Inc. purchased a new stake in First Trust Latin America AlphaDEX Fund in the 2nd quarter valued at about $35,000. Coppell Advisory Solutions LLC increased its stake in shares of First Trust Latin America AlphaDEX Fund by 106.1% during the 2nd quarter. Coppell Advisory Solutions LLC now owns 24,481 shares of the company’s stock valued at $479,000 after acquiring an additional 12,600 shares during the last quarter. Cottonwood Capital Advisors LLC lifted its holdings in shares of First Trust Latin America AlphaDEX Fund by 8.8% during the 3rd quarter. Cottonwood Capital Advisors LLC now owns 30,495 shares of the company’s stock worth $653,000 after acquiring an additional 2,457 shares during the period. Finally, Triad Wealth Partners LLC purchased a new position in shares of First Trust Latin America AlphaDEX Fund during the 4th quarter worth about $238,000.

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.