First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Stock Short Interest Report for September

Key Points

• Short interest plunged 78% in September to 13,828 shares, representing about 0.1% of FEM’s outstanding shares and just 0.1 days of average trading volume.
• FEM shares rose 1.3% to $33.16, with the ETF trading between a 52-week range of $25.85 and $35.61. Its market capitalization was approximately $815.7 million.
• The fund increased its quarterly dividend to $0.2849 per share, equivalent to an annualized dividend of $1.14 and a 3.4% yield.

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - ) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 13,828 shares, a decline of 78.0% from the September 15th total of 62,848 shares. Approximately 0.1% of the company's shares are sold short. Based on an average daily trading volume, of 114,850 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of large investors have recently made changes to their positions in FEM. Signature Equity Partners LLC boosted its stake in First Trust Emerging Markets AlphaDEX Fund by 64.0% in the 1st quarter. Signature Equity Partners LLC now owns 894 shares of the company's stock worth $27,000 after purchasing an additional 349 shares during the period. Parallel Advisors LLC purchased a new position in First Trust Emerging Markets AlphaDEX Fund during the 1st quarter worth approximately $59,000. MidFirst Bank acquired a new stake in First Trust Emerging Markets AlphaDEX Fund during the 4th quarter valued at $63,000. Private Client Services LLC acquired a new stake in First Trust Emerging Markets AlphaDEX Fund during the 3rd quarter valued at $223,000. Finally, Van Diest Capital LLC acquired a new stake in First Trust Emerging Markets AlphaDEX Fund during the 4th quarter valued at $227,000.

First Trust Emerging Markets AlphaDEX Fund Trading Up 1.3%

FEM stock traded up $0.44 during mid-day trading on Friday, reaching $33.16. 79,314 shares of the stock traded hands, compared to its average volume of 125,997. First Trust Emerging Markets AlphaDEX Fund has a 52-week low of $25.85 and a 52-week high of $35.61. The company has a market cap of $815.74 million, a P/E ratio of 9.20 and a beta of 0.62. The stock's fifty day moving average is $32.77 and its 200-day moving average is $32.17.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a $0.2849 dividend. This represents a $1.14 annualized dividend and a dividend yield of 3.4%. This is an increase from First Trust Emerging Markets AlphaDEX Fund's previous quarterly dividend of $0.1899. The ex-dividend date of this dividend was Thursday, September 24th.

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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