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

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 116,967 shares, an increase of 218.4% from the February 12th total of 36,733 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 132,111 shares, the short-interest ratio is presently 0.9 days. Based on an average trading volume of 132,111 shares, the short-interest ratio is presently 0.9 days. Currently, 0.6% of the company’s shares are sold short.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC increased its position in shares of First Trust Emerging Markets AlphaDEX Fund by 371.9% in 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 in the last quarter. Sound Income Strategies LLC bought a new position in First Trust Emerging Markets AlphaDEX Fund during the fourth quarter worth about $45,000. Geneos Wealth Management Inc. grew its stake in 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 acquiring an additional 408 shares during the period. Rossby Financial LCC grew its stake in First Trust Emerging Markets AlphaDEX Fund by 34.7% in the third quarter. Rossby Financial LCC now owns 2,250 shares of the company’s stock valued at $61,000 after acquiring an additional 580 shares during the period. Finally, MidFirst Bank bought a new stake in shares of First Trust Emerging Markets AlphaDEX Fund in the fourth quarter worth about $63,000.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

NASDAQ:FEM traded down $0.36 on Friday, hitting $29.55. 74,816 shares of the stock were exchanged, compared to its average volume of 140,660. The stock has a market capitalization of $536.33 million, a price-to-earnings ratio of 9.20 and a beta of 0.64. First Trust Emerging Markets AlphaDEX Fund has a 52 week low of $19.74 and a 52 week high of $32.98. The company’s 50-day moving average price is $29.85 and its 200 day moving average price is $27.94.

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.