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

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 20,622 shares, a decline of 57.0% from the June 15th total of 47,958 shares. Approximately 1.5% of the company’s stock are short sold. Based on an average daily volume of 13,150 shares, the short-interest ratio is currently 1.6 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FLN. D.A. Davidson & CO. bought a new stake in First Trust Latin America AlphaDEX Fund in the first quarter valued at $1,549,000. LPL Financial LLC grew its position in shares of First Trust Latin America AlphaDEX Fund by 65.3% during the fourth quarter. LPL Financial LLC now owns 103,194 shares of the company’s stock worth $2,341,000 after acquiring an additional 40,773 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of First Trust Latin America AlphaDEX Fund during the second quarter worth about $523,000. GK Wealth Management LLC acquired a new stake in shares of First Trust Latin America AlphaDEX Fund in the 2nd quarter worth about $268,000. Finally, Triad Wealth Partners LLC bought a new stake in First Trust Latin America AlphaDEX Fund in the 4th quarter valued at about $238,000.

First Trust Latin America AlphaDEX Fund Stock Performance

Shares of First Trust Latin America AlphaDEX Fund stock traded up $0.14 during trading on Wednesday, reaching $25.92. The company had a trading volume of 965 shares, compared to its average volume of 21,799. First Trust Latin America AlphaDEX Fund has a fifty-two week low of $18.51 and a fifty-two week high of $28.50. The firm’s fifty day moving average is $25.42 and its 200-day moving average is $25.60. The company has a market cap of $36.29 million, a price-to-earnings ratio of 9.93 and a beta of 0.76.

First Trust Latin America AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.2525 per share. The ex-dividend date was Thursday, June 25th. This is an increase from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.23. This represents a $1.01 annualized dividend and a yield of 3.9%.

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.