First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Short Interest Up 474.3% in June

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 273,552 shares, an increase of 474.3% from the May 31st total of 47,635 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 107,233 shares, the short-interest ratio is currently 2.6 days.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC increased 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 purchasing an additional 740 shares during the period. Signature Equity Partners LLC lifted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 64.0% in the first quarter. Signature Equity Partners LLC now owns 894 shares of the company’s stock valued at $27,000 after buying an additional 349 shares during the period. Sound Income Strategies LLC bought a new position in First Trust Emerging Markets AlphaDEX Fund during the fourth quarter valued at about $45,000. Geneos Wealth Management Inc. boosted its stake in First Trust Emerging Markets AlphaDEX Fund by 26.8% during the second quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company’s stock valued at $47,000 after buying an additional 408 shares in the last quarter. Finally, Parallel Advisors LLC acquired a new position in First Trust Emerging Markets AlphaDEX Fund during the first quarter worth about $59,000.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

Shares of NASDAQ:FEM traded down $0.04 during trading on Friday, reaching $31.48. The company had a trading volume of 45,424 shares, compared to its average volume of 141,201. The firm’s fifty day moving average is $32.59 and its 200 day moving average is $30.52. The firm has a market capitalization of $708.41 million, a PE ratio of 9.20 and a beta of 0.60. First Trust Emerging Markets AlphaDEX Fund has a twelve month low of $24.19 and a twelve month high of $35.61.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be issued a dividend of $0.1899 per share. The ex-dividend date of this dividend is Thursday, June 25th. This is a positive change from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.03. This represents a $0.76 annualized dividend and a yield of 2.4%.

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.