First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Short Interest Down 37.1% in March

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) saw a significant decline in short interest in March. As of March 13th, there was short interest totaling 1,563 shares, a decline of 37.1% from the February 26th total of 2,486 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 35,595 shares, the days-to-cover ratio is presently 0.0 days.

First Trust Latin America AlphaDEX Fund Stock Down 3.1%

Shares of FLN stock opened at $24.78 on Friday. The stock has a market cap of $23.54 million, a P/E ratio of 9.93 and a beta of 0.91. First Trust Latin America AlphaDEX Fund has a fifty-two week low of $15.75 and a fifty-two week high of $28.50. The business has a fifty day simple moving average of $25.91 and a 200-day simple moving average of $23.35.

First Trust Latin America AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th will be issued a dividend of $0.2349 per share. This represents a $0.94 annualized dividend and a yield of 3.8%. The ex-dividend date is Thursday, March 26th.

Hedge Funds Weigh In On First Trust Latin America AlphaDEX Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FLN. Raymond James Financial Inc. purchased a new stake in First Trust Latin America AlphaDEX Fund in the 2nd quarter valued at approximately $35,000. Triad Wealth Partners LLC purchased a new position in First Trust Latin America AlphaDEX Fund during the fourth quarter worth $238,000. Coppell Advisory Solutions LLC raised its holdings in shares of First Trust Latin America AlphaDEX Fund by 106.1% in the second quarter. Coppell Advisory Solutions LLC now owns 24,481 shares of the company’s stock worth $479,000 after acquiring an additional 12,600 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of First Trust Latin America AlphaDEX Fund in the second quarter worth $523,000. Finally, Cottonwood Capital Advisors LLC lifted its position in shares of First Trust Latin America AlphaDEX Fund by 8.8% in the third quarter. Cottonwood Capital Advisors LLC now owns 30,495 shares of the company’s stock valued at $653,000 after acquiring an additional 2,457 shares in the last quarter.

About First Trust Latin America AlphaDEX Fund

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.