Short Interest in First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Drops By 86.5%

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 36,733 shares, a decline of 86.5% from the January 29th total of 271,629 shares. Based on an average trading volume of 267,004 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 267,004 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Emerging Markets AlphaDEX Fund Trading Up 0.5%

FEM stock traded up $0.17 on Friday, hitting $31.35. 156,061 shares of the company’s stock traded hands, compared to its average volume of 146,168. The stock has a market cap of $568.91 million, a price-to-earnings ratio of 9.20 and a beta of 0.64. First Trust Emerging Markets AlphaDEX Fund has a 1-year low of $19.74 and a 1-year high of $32.98. The stock has a fifty day moving average of $29.36 and a 200-day moving average of $27.69.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.2092 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Several hedge funds have recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its position in shares of 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 acquiring an additional 740 shares in the last quarter. Sound Income Strategies LLC bought a new position in First Trust Emerging Markets AlphaDEX Fund in the 4th quarter valued at $45,000. Geneos Wealth Management Inc. boosted 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 worth $47,000 after purchasing an additional 408 shares in the last quarter. Rossby Financial LCC raised its holdings in shares of 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 buying an additional 580 shares during the last quarter. Finally, MidFirst Bank acquired a new position in First Trust Emerging Markets AlphaDEX Fund during the 4th quarter worth about $63,000.

About First Trust Emerging Markets AlphaDEX Fund

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.