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

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 20,622 shares, a drop of 57.0% from the June 15th total of 47,958 shares. Currently, 1.5% of the shares of the stock are sold short. Based on an average trading volume of 13,150 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Trading of First Trust Latin America AlphaDEX Fund

Large investors have recently added to or reduced their stakes in the company. D.A. Davidson & CO. bought a new position in First Trust Latin America AlphaDEX Fund in the first quarter valued at approximately $1,549,000. Cetera Investment Advisers increased its position in shares of First Trust Latin America AlphaDEX Fund by 11.9% during the first quarter. Cetera Investment Advisers now owns 28,544 shares of the company’s stock worth $729,000 after acquiring an additional 3,040 shares in the last quarter. LPL Financial LLC raised its holdings in shares of First Trust Latin America AlphaDEX Fund by 65.3% during the fourth quarter. LPL Financial LLC now owns 103,194 shares of the company’s stock worth $2,341,000 after acquiring an additional 40,773 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of First Trust Latin America AlphaDEX Fund during the second quarter worth $35,000. Finally, GK Wealth Management LLC bought a new stake in First Trust Latin America AlphaDEX Fund in the 2nd quarter valued at $268,000.

First Trust Latin America AlphaDEX Fund Price Performance

Shares of FLN traded up $0.37 during trading hours on Tuesday, hitting $25.78. The stock had a trading volume of 1,246 shares, compared to its average volume of 21,951. The company’s fifty day moving average is $25.44 and its two-hundred day moving average is $25.57. First Trust Latin America AlphaDEX Fund has a 52 week low of $18.51 and a 52 week high of $28.50. The stock has a market capitalization of $36.10 million, a price-to-earnings ratio of 9.93 and a beta of 0.76.

First Trust Latin America AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.2525 dividend. This represents a $1.01 dividend on an annualized basis and a yield of 3.9%. 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.

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.