Short Interest in First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Grows By 126.9%

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 74,415 shares, a growth of 126.9% from the June 30th total of 32,802 shares. Based on an average daily trading volume, of 125,117 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the shares of the company are short sold.

First Trust Emerging Markets AlphaDEX Fund Stock Up 2.2%

FEM stock traded up $0.66 during midday trading on Thursday, hitting $30.54. The company’s stock had a trading volume of 112,198 shares, compared to its average volume of 137,583. The stock’s 50-day moving average price is $31.89 and its 200 day moving average price is $31.19. The stock has a market cap of $732.96 million, a price-to-earnings ratio of 9.20 and a beta of 0.60. First Trust Emerging Markets AlphaDEX Fund has a 1 year low of $24.69 and a 1 year high of $35.61.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.1899 dividend. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.03. This represents a $0.76 dividend on an annualized basis and a yield of 2.5%.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 371.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 939 shares of the company’s stock worth $26,000 after acquiring an additional 740 shares during the period. Signature Equity Partners LLC lifted its holdings in First Trust Emerging Markets AlphaDEX Fund by 64.0% during the 1st quarter. Signature Equity Partners LLC now owns 894 shares of the company’s stock worth $27,000 after purchasing an additional 349 shares in the last quarter. Sound Income Strategies LLC purchased a new stake in First Trust Emerging Markets AlphaDEX Fund during the 4th quarter worth about $45,000. Geneos Wealth Management Inc. boosted its stake in First Trust Emerging Markets AlphaDEX Fund by 26.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company’s stock worth $47,000 after purchasing an additional 408 shares during the period. Finally, Parallel Advisors LLC bought a new position in First Trust Emerging Markets AlphaDEX Fund in the 1st quarter worth about $59,000.

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.