First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Sees Large Growth in Short Interest

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 4,800 shares, an increase of 380.0% from the February 13th total of 1,000 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 81,000 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Emerging Markets AlphaDEX Fund Stock Up 1.8 %

Shares of NASDAQ:FEM traded up $0.41 during trading on Friday, hitting $23.47. 101,332 shares of the company were exchanged, compared to its average volume of 61,978. The company has a market capitalization of $408.38 million, a P/E ratio of 7.07 and a beta of 0.85. First Trust Emerging Markets AlphaDEX Fund has a 1-year low of $21.07 and a 1-year high of $25.38. The business’s 50 day moving average is $22.37 and its 200-day moving average is $22.69.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of First Trust Emerging Markets AlphaDEX Fund by 64.1% in the 4th quarter. Bank of America Corp DE now owns 1,039,178 shares of the company’s stock worth $22,892,000 after purchasing an additional 405,760 shares during the period. Raymond James Financial Inc. purchased a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the fourth quarter valued at approximately $5,916,000. Jane Street Group LLC increased its position in shares of First Trust Emerging Markets AlphaDEX Fund by 46.6% during the fourth quarter. Jane Street Group LLC now owns 150,383 shares of the company’s stock valued at $3,313,000 after acquiring an additional 47,775 shares during the last quarter. OneAscent Financial Services LLC bought a new position in First Trust Emerging Markets AlphaDEX Fund in the 4th quarter valued at $810,000. Finally, Citadel Advisors LLC bought a new stake in First Trust Emerging Markets AlphaDEX Fund in the fourth quarter worth about $752,000.

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.