First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Short Interest Update

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the recipient of a significant decline in short interest in May. As of May 15th, there was short interest totaling 46,310 shares, a decline of 72.5% from the April 30th total of 168,304 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 110,090 shares, the short-interest ratio is presently 0.4 days.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

NASDAQ FEM traded down $0.23 during trading hours on Friday, hitting $32.68. The company had a trading volume of 66,578 shares, compared to its average volume of 148,247. First Trust Emerging Markets AlphaDEX Fund has a 1-year low of $23.40 and a 1-year high of $33.77. The company has a market cap of $735.30 million, a PE ratio of 9.20 and a beta of 0.62. The business has a 50 day moving average of $31.88 and a 200-day moving average of $29.81.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.0334 dividend. This represents a $0.13 annualized dividend and a yield of 0.4%. The ex-dividend date was Thursday, March 26th.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

Several large investors have recently bought and sold shares of the stock. Signature Equity Partners LLC boosted its stake in First Trust Emerging Markets AlphaDEX Fund by 64.0% in the first quarter. Signature Equity Partners LLC now owns 894 shares of the company’s stock valued at $27,000 after acquiring an additional 349 shares in the last quarter. Chicago Partners Investment Group LLC boosted its stake in First Trust Emerging Markets AlphaDEX Fund by 0.9% in the fourth quarter. Chicago Partners Investment Group LLC now owns 39,068 shares of the company’s stock valued at $1,161,000 after acquiring an additional 354 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in First Trust Emerging Markets AlphaDEX Fund by 3.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,675 shares of the company’s stock valued at $292,000 after acquiring an additional 397 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 26.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company’s stock valued at $47,000 after buying an additional 408 shares during the last quarter. Finally, Formidable Asset Management LLC raised its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 2.2% in the fourth quarter. Formidable Asset Management LLC now owns 19,363 shares of the company’s stock valued at $525,000 after buying an additional 415 shares during the last quarter.

First Trust Emerging Markets AlphaDEX Fund Company Profile

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.