First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Short Interest Update

Key Points

• Short interest fell 17% in March to 97,065 shares (about 0.5% of shares outstanding), with a days-to-cover ratio of 0.8 days, indicating reduced bearish pressure and quick coverability.
• The fund declared a reduced quarterly dividend of $0.0334 (annualized $0.13), implying a 0.5% yield, with an ex-dividend date of March 26 and payment on March 31.
• FEM recently traded near $29.19 with a 50‑day/200‑day simple moving average of $30.06/$28.19, a 1‑year range of $19.74–$32.98, a market cap of $529.8M and a P/E of 9.20.

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - ) saw a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 97,065 shares, a drop of 17.0% from the February 26th total of 116,967 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 117,211 shares, the days-to-cover ratio is currently 0.8 days.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

FEM stock opened at $29.19 on Monday. The stock's fifty day simple moving average is $30.06 and its two-hundred day simple moving average is $28.19. First Trust Emerging Markets AlphaDEX Fund has a 1-year low of $19.74 and a 1-year high of $32.98. The stock has a market cap of $529.80 million, a P/E ratio of 9.20 and a beta of 0.64.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 26th will be issued a $0.0334 dividend. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, March 26th.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

A number of large investors have recently added to or reduced their stakes in FEM. Chicago Partners Investment Group LLC raised its position in First Trust Emerging Markets AlphaDEX Fund by 0.9% in the fourth quarter. Chicago Partners Investment Group LLC now owns 39,068 shares of the company's stock worth $1,161,000 after acquiring an additional 354 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of First Trust Emerging Markets AlphaDEX Fund by 3.9% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,675 shares of the company's stock valued at $292,000 after acquiring an additional 397 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 26.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company's stock worth $47,000 after purchasing an additional 408 shares during the last quarter. Formidable Asset Management LLC raised its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 2.2% in the 4th quarter. Formidable Asset Management LLC now owns 19,363 shares of the company's stock worth $525,000 after purchasing an additional 415 shares during the period. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 4.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 10,318 shares of the company's stock worth $282,000 after purchasing an additional 440 shares during the period.

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.

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