First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Short Interest Up 51.3% in August

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 19,818 shares, a growth of 51.3% from the July 30th total of 13,095 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily volume of 9,415 shares, the short-interest ratio is currently 2.1 days.

First Trust Latin America AlphaDEX Fund Stock Up 1.6%

Shares of NASDAQ:FLN traded up $0.41 during trading on Tuesday, hitting $26.00. The stock had a trading volume of 6,482 shares, compared to its average volume of 19,652. First Trust Latin America AlphaDEX Fund has a 12-month low of $19.87 and a 12-month high of $28.50. The stock has a market capitalization of $37.69 million, a price-to-earnings ratio of 9.93 and a beta of 0.76. The stock has a 50-day simple moving average of $25.34 and a two-hundred day simple moving average of $25.79.

First Trust Latin America AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.2525 dividend. This is a boost from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, June 25th. This represents a $1.01 annualized dividend and a yield of 3.9%.

Hedge Funds Weigh In On First Trust Latin America AlphaDEX Fund

Institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in First Trust Latin America AlphaDEX Fund during the 2nd quarter valued at approximately $35,000. Balboa Wealth Partners acquired a new stake in shares of First Trust Latin America AlphaDEX Fund in the first quarter worth $204,000. GK Wealth Management LLC acquired a new stake in shares of First Trust Latin America AlphaDEX Fund in the second quarter worth $268,000. Cetera Investment Advisers purchased a new position in shares of First Trust Latin America AlphaDEX Fund during the second quarter worth $523,000. Finally, D.A. Davidson & CO. purchased a new position in shares of First Trust Latin America AlphaDEX Fund during the first quarter worth $1,549,000.

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.