First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Short Interest Update

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 53,801 shares, an increase of 18.8% from the March 31st total of 45,295 shares. Currently, 3.8% of the company’s stock are short sold. Based on an average daily trading volume, of 21,950 shares, the short-interest ratio is currently 2.5 days.

First Trust Latin America AlphaDEX Fund Trading Down 0.3%

FLN stock traded down $0.07 during midday trading on Friday, hitting $26.83. 29,535 shares of the company’s stock were exchanged, compared to its average volume of 26,763. First Trust Latin America AlphaDEX Fund has a 12-month low of $18.40 and a 12-month high of $28.50. The firm has a 50 day moving average price of $26.19 and a 200-day moving average price of $24.33. The stock has a market capitalization of $37.56 million, a price-to-earnings ratio of 9.93 and a beta of 0.79.

First Trust Latin America AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.2349 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.94 annualized dividend and a yield of 3.5%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. LPL Financial LLC boosted its stake in First Trust Latin America AlphaDEX Fund by 65.3% during the 4th quarter. LPL Financial LLC now owns 103,194 shares of the company’s stock valued at $2,341,000 after acquiring an additional 40,773 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in First Trust Latin America AlphaDEX Fund by 6.5% during the 4th quarter. Farther Finance Advisors LLC now owns 31,891 shares of the company’s stock valued at $723,000 after acquiring an additional 1,942 shares during the last quarter. Cottonwood Capital Advisors LLC boosted its stake in First Trust Latin America AlphaDEX Fund by 8.8% during the 3rd 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 during the last quarter. Cetera Investment Advisers bought a new position in First Trust Latin America AlphaDEX Fund during the 2nd quarter valued at $523,000. Finally, Triad Wealth Partners LLC bought a new stake in First Trust Latin America AlphaDEX Fund in the fourth quarter valued at about $238,000.

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.