First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Sees Significant Decrease in Short Interest

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - Get Free Report) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 82,700 shares, a decline of 42.0% from the March 15th total of 142,600 shares. Based on an average trading volume of 71,900 shares, the short-interest ratio is presently 1.2 days.

First Trust Emerging Markets AlphaDEX Fund Trading Up 0.3 %

Shares of First Trust Emerging Markets AlphaDEX Fund stock traded up $0.06 on Thursday, reaching $23.52. 35,017 shares of the company were exchanged, compared to its average volume of 72,396. First Trust Emerging Markets AlphaDEX Fund has a one year low of $19.54 and a one year high of $23.88. The company has a market capitalization of $433.94 million, a price-to-earnings ratio of 4.60 and a beta of 0.85. The company has a 50-day moving average of $23.07 and a 200 day moving average of $21.84.

First Trust Emerging Markets AlphaDEX Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a dividend of $0.0949 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend was Thursday, March 21st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its position in shares of First Trust Emerging Markets AlphaDEX Fund by 24.4% during the 3rd quarter. Geneos Wealth Management Inc. now owns 2,752 shares of the company's stock worth $57,000 after buying an additional 540 shares during the last quarter. Bank of New York Mellon Corp raised its position in First Trust Emerging Markets AlphaDEX Fund by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 167,510 shares of the company's stock valued at $3,551,000 after purchasing an additional 615 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in First Trust Emerging Markets AlphaDEX Fund by 3.2% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 22,817 shares of the company's stock valued at $505,000 after purchasing an additional 699 shares during the last quarter. Atria Wealth Solutions Inc. raised its position in First Trust Emerging Markets AlphaDEX Fund by 3.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 20,833 shares of the company's stock valued at $461,000 after purchasing an additional 714 shares during the last quarter. Finally, Park Avenue Securities LLC raised its position in First Trust Emerging Markets AlphaDEX Fund by 2.6% in the first quarter. Park Avenue Securities LLC now owns 32,970 shares of the company's stock valued at $754,000 after purchasing an additional 822 shares during the last quarter.

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.

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