Short Interest in First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Decreases By 84.4%

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) saw a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 2,900 shares, a decline of 84.4% from the December 31st total of 18,600 shares. Based on an average trading volume of 72,900 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of institutional investors have recently modified their holdings of the business. Prospera Financial Services Inc raised its position in First Trust Emerging Markets AlphaDEX Fund by 9.6% during the third quarter. Prospera Financial Services Inc now owns 63,409 shares of the company’s stock valued at $1,519,000 after purchasing an additional 5,543 shares in the last quarter. Atria Investments Inc grew its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 11.2% during the third quarter. Atria Investments Inc now owns 60,981 shares of the company’s stock worth $1,461,000 after purchasing an additional 6,151 shares during the last quarter. Assetmark Inc. increased its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 17.7% in the third quarter. Assetmark Inc. now owns 156,119 shares of the company’s stock valued at $3,741,000 after buying an additional 23,509 shares during the period. TrueWealth Advisors LLC grew its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 42.3% in the third quarter. TrueWealth Advisors LLC now owns 16,101 shares of the company’s stock worth $386,000 after purchasing an additional 4,785 shares during the last quarter. Finally, Golden State Equity Partners grew its position in shares of First Trust Emerging Markets AlphaDEX Fund by 12.9% in the 3rd quarter. Golden State Equity Partners now owns 31,040 shares of the company’s stock valued at $744,000 after buying an additional 3,553 shares during the last quarter.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

Shares of FEM stock traded up $0.01 during midday trading on Tuesday, hitting $22.12. 100,283 shares of the company were exchanged, compared to its average volume of 99,493. First Trust Emerging Markets AlphaDEX Fund has a 52 week low of $21.07 and a 52 week high of $25.38. The firm has a market capitalization of $384.89 million, a P/E ratio of 5.06 and a beta of 0.85. The firm’s 50 day moving average price is $22.32 and its two-hundred day moving average price is $22.86.

First Trust Emerging Markets AlphaDEX Fund Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.1449 per share. The ex-dividend date of this dividend was Friday, December 13th.

First Trust Emerging Markets AlphaDEX Fund Company Profile

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.