First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Short Interest Down 36.8% in July

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 46,994 shares, a decrease of 36.8% from the July 15th total of 74,415 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 102,780 shares, the short-interest ratio is currently 0.5 days.

First Trust Emerging Markets AlphaDEX Fund Price Performance

FEM traded down $0.46 during midday trading on Tuesday, reaching $32.39. 86,600 shares of the company’s stock were exchanged, compared to its average volume of 133,652. First Trust Emerging Markets AlphaDEX Fund has a 1-year low of $25.85 and a 1-year high of $35.61. The stock has a market capitalization of $777.36 million, a PE ratio of 9.20 and a beta of 0.61. The business’s 50-day moving average price is $31.70 and its 200 day moving average price is $31.44.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.1899 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.76 annualized dividend and a dividend yield of 2.3%. This is an increase from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.03.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC grew its holdings in First Trust Emerging Markets AlphaDEX Fund by 371.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 939 shares of the company’s stock valued at $26,000 after buying an additional 740 shares during the last quarter. Signature Equity Partners LLC raised its holdings in shares of 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 worth $27,000 after acquiring an additional 349 shares during 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 worth $47,000 after acquiring an additional 408 shares during the last quarter. Parallel Advisors LLC purchased a new stake in shares of First Trust Emerging Markets AlphaDEX Fund in the first quarter valued at $59,000. Finally, MidFirst Bank purchased a new stake in shares of First Trust Emerging Markets AlphaDEX Fund in the fourth quarter valued at $63,000.

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.