Short Interest in First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Declines By 52.4%

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - Get Free Report) saw a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 41,100 shares, a drop of 52.4% from the May 15th total of 86,400 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 62,100 shares, the days-to-cover ratio is currently 0.7 days.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

Shares of First Trust Emerging Markets AlphaDEX Fund stock traded down $0.21 during trading hours on Friday, reaching $24.48. The company's stock had a trading volume of 111,108 shares, compared to its average volume of 66,108. The company's 50 day simple moving average is $23.09 and its 200 day simple moving average is $22.70. First Trust Emerging Markets AlphaDEX Fund has a one year low of $19.74 and a one year high of $24.69. The stock has a market cap of $414.94 million, a P/E ratio of 8.45 and a beta of 0.85.

First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.0393 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.64%.

Institutional Trading of First Trust Emerging Markets AlphaDEX Fund

A number of large investors have recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of First Trust Emerging Markets AlphaDEX Fund in the 4th quarter worth approximately $5,916,000. Avantax Advisory Services Inc. grew its position in First Trust Emerging Markets AlphaDEX Fund by 3.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 87,162 shares of the company's stock worth $1,920,000 after buying an additional 2,547 shares during the last quarter. Jones Financial Companies Lllp grew its position in First Trust Emerging Markets AlphaDEX Fund by 615.3% in the fourth quarter. Jones Financial Companies Lllp now owns 5,644 shares of the company's stock worth $124,000 after buying an additional 4,855 shares during the last quarter. PFG Advisors grew its position in First Trust Emerging Markets AlphaDEX Fund by 243.1% in the fourth quarter. PFG Advisors now owns 29,162 shares of the company's stock worth $642,000 after buying an additional 20,662 shares during the last quarter. Finally, Larson Financial Group LLC grew its position in First Trust Emerging Markets AlphaDEX Fund by 33.1% in the fourth quarter. Larson Financial Group LLC now owns 1,943 shares of the company's stock worth $43,000 after buying an additional 483 shares during the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.