Short Interest in First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Grows By 51.3%

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 19,818 shares, an increase of 51.3% from the July 30th total of 13,095 shares. Based on an average trading volume of 9,415 shares, the days-to-cover ratio is presently 2.1 days. Approximately 1.4% of the company’s stock are short sold.

First Trust Latin America AlphaDEX Fund Stock Up 1.6%

Shares of First Trust Latin America AlphaDEX Fund stock traded up $0.41 during midday trading on Tuesday, hitting $26.00. The company had a trading volume of 6,482 shares, compared to its average volume of 19,652. The company has a fifty day simple moving average of $25.34 and a 200 day simple moving average of $25.79. The stock has a market cap of $37.69 million, a price-to-earnings ratio of 9.93 and a beta of 0.76. First Trust Latin America AlphaDEX Fund has a 12-month low of $19.87 and a 12-month high of $28.50.

First Trust Latin America AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.2525 per share. This represents a $1.01 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.23.

Institutional Investors Weigh In On First Trust Latin America AlphaDEX Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. LPL Financial LLC grew 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 valued at $2,341,000 after buying an additional 40,773 shares during the last quarter. D.A. Davidson & CO. purchased a new position in First Trust Latin America AlphaDEX Fund in the 1st quarter worth $1,549,000. Cetera Investment Advisers raised its stake in First Trust Latin America AlphaDEX Fund by 11.9% in the 1st quarter. Cetera Investment Advisers now owns 28,544 shares of the company’s stock worth $729,000 after acquiring an additional 3,040 shares during the last quarter. GK Wealth Management LLC purchased a new position in First Trust Latin America AlphaDEX Fund in the 2nd quarter worth $268,000. Finally, Balboa Wealth Partners acquired a new stake in First Trust Latin America AlphaDEX Fund during the 1st quarter worth about $204,000.

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.