Short Interest in First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Rises By 2,798.0%

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 45,295 shares, a growth of 2,798.0% from the March 15th total of 1,563 shares. Based on an average trading volume of 30,067 shares, the short-interest ratio is currently 1.5 days. Currently, 3.2% of the company’s stock are sold short.

First Trust Latin America AlphaDEX Fund Stock Up 1.5%

Shares of NASDAQ:FLN traded up $0.42 during trading on Friday, hitting $27.72. The stock had a trading volume of 24,224 shares, compared to its average volume of 27,717. The company has a market capitalization of $38.81 million, a PE ratio of 9.93 and a beta of 0.82. The firm’s fifty day moving average is $25.95 and its 200 day moving average is $23.67. First Trust Latin America AlphaDEX Fund has a 12 month low of $16.56 and a 12 month high of $28.50.

First Trust Latin America AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.2349 dividend. This represents a $0.94 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Thursday, March 26th.

Hedge Funds Weigh In On First Trust Latin America AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLN. Coppell Advisory Solutions LLC boosted its holdings in shares of First Trust Latin America AlphaDEX Fund by 106.1% during the 2nd quarter. Coppell Advisory Solutions LLC now owns 24,481 shares of the company’s stock valued at $479,000 after buying an additional 12,600 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of First Trust Latin America AlphaDEX Fund in the 2nd quarter worth about $523,000. LPL Financial LLC increased its stake in shares of First Trust Latin America AlphaDEX Fund by 65.3% in the 4th 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 in the last quarter. Raymond James Financial Inc. purchased a new position in First Trust Latin America AlphaDEX Fund during the 2nd quarter valued at about $35,000. Finally, Farther Finance Advisors LLC lifted its position 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 period.

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.