First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Sees Significant Decrease in Short Interest

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the target of a significant decline in short interest during the month of February. As of February 28th, there was short interest totalling 1,000 shares, a decline of 28.6% from the February 13th total of 1,400 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 10,200 shares, the short-interest ratio is currently 0.1 days.

First Trust Latin America AlphaDEX Fund Price Performance

NASDAQ:FLN traded up $0.11 during trading hours on Tuesday, hitting $17.93. 3,819 shares of the company were exchanged, compared to its average volume of 10,359. First Trust Latin America AlphaDEX Fund has a 52-week low of $15.03 and a 52-week high of $21.07. The stock has a market capitalization of $15.24 million, a price-to-earnings ratio of 8.06 and a beta of 1.09. The company’s 50 day moving average price is $16.49 and its 200-day moving average price is $16.84.

Institutional Investors Weigh In On First Trust Latin America AlphaDEX Fund

A number of large investors have recently made changes to their positions in FLN. Cetera Investment Advisers purchased a new position in First Trust Latin America AlphaDEX Fund in the 4th quarter worth $163,000. Headland Capital LLC purchased a new position in shares of First Trust Latin America AlphaDEX Fund in the fourth quarter worth about $3,091,000. Coppell Advisory Solutions LLC lifted its holdings in shares of First Trust Latin America AlphaDEX Fund by 225.1% during the fourth quarter. Coppell Advisory Solutions LLC now owns 8,544 shares of the company’s stock worth $130,000 after purchasing an additional 5,916 shares during the period. OLD Mission Capital LLC boosted its position in First Trust Latin America AlphaDEX Fund by 7.1% in the fourth quarter. OLD Mission Capital LLC now owns 21,006 shares of the company’s stock valued at $319,000 after buying an additional 1,387 shares during the last quarter. Finally, Cottonwood Capital Advisors LLC increased its holdings in First Trust Latin America AlphaDEX Fund by 9.8% in the 4th quarter. Cottonwood Capital Advisors LLC now owns 30,636 shares of the company’s stock worth $465,000 after buying an additional 2,730 shares during the period.

About First Trust Latin America AlphaDEX Fund

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.