Short Interest in First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Increases By 150.0%

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 3,500 shares, a growth of 150.0% from the December 15th total of 1,400 shares. Based on an average daily volume of 7,800 shares, the short-interest ratio is currently 0.4 days.

First Trust Latin America AlphaDEX Fund Stock Performance

First Trust Latin America AlphaDEX Fund stock traded up $0.41 on Wednesday, reaching $15.80. The company’s stock had a trading volume of 2,153 shares, compared to its average volume of 5,084. The business’s fifty day moving average price is $16.10 and its 200 day moving average price is $17.33. The company has a market cap of $13.43 million, a price-to-earnings ratio of 5.99 and a beta of 1.09. First Trust Latin America AlphaDEX Fund has a twelve month low of $15.03 and a twelve month high of $21.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FLN. Horizon Advisory Services Inc. raised its stake in shares of First Trust Latin America AlphaDEX Fund by 3.2% in the second quarter. Horizon Advisory Services Inc. now owns 22,133 shares of the company’s stock worth $390,000 after acquiring an additional 691 shares during the last quarter. Cottonwood Capital Advisors LLC raised its position in First Trust Latin America AlphaDEX Fund by 53.3% in the 3rd quarter. Cottonwood Capital Advisors LLC now owns 27,906 shares of the company’s stock worth $503,000 after purchasing an additional 9,703 shares during the last quarter. Finally, Jane Street Group LLC raised its position in First Trust Latin America AlphaDEX Fund by 27.7% in the 3rd quarter. Jane Street Group LLC now owns 69,053 shares of the company’s stock worth $1,246,000 after purchasing an additional 14,960 shares during the last quarter.

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.