Short Interest in First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Drops By 94.3%

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the target of a significant decline in short interest in February. As of February 27th, there was short interest totaling 2,486 shares, a decline of 94.3% from the February 12th total of 43,253 shares. Based on an average daily volume of 41,716 shares, the short-interest ratio is presently 0.1 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily volume of 41,716 shares, the short-interest ratio is presently 0.1 days.

First Trust Latin America AlphaDEX Fund Stock Performance

Shares of FLN opened at $25.74 on Wednesday. The company has a market capitalization of $24.45 million, a price-to-earnings ratio of 9.93 and a beta of 0.91. First Trust Latin America AlphaDEX Fund has a fifty-two week low of $15.75 and a fifty-two week high of $28.50. The firm has a 50-day simple moving average of $25.55 and a 200-day simple moving average of $23.02.

First Trust Latin America AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.3093 per share. This is a boost from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.8%.

Hedge Funds Weigh In On First Trust Latin America AlphaDEX Fund

Several hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers grew its holdings in First Trust Latin America AlphaDEX Fund by 3.1% in the 4th quarter. Cetera Investment Advisers now owns 25,504 shares of the company’s stock valued at $578,000 after buying an additional 765 shares during the period. Raymond James Financial Inc. purchased a new stake in First Trust Latin America AlphaDEX Fund during the 2nd quarter worth $35,000. Farther Finance Advisors LLC grew its stake in First Trust Latin America AlphaDEX Fund by 6.5% during the 4th quarter. Farther Finance Advisors LLC now owns 31,891 shares of the company’s stock valued at $723,000 after purchasing an additional 1,942 shares in the last quarter. Cottonwood Capital Advisors LLC boosted its stake in First Trust Latin America AlphaDEX Fund by 8.8% during the 3rd quarter. Cottonwood Capital Advisors LLC now owns 30,495 shares of the company’s stock valued at $653,000 after acquiring an additional 2,457 shares during the last quarter. Finally, Triad Wealth Partners LLC bought a new stake in First Trust Latin America AlphaDEX Fund in the fourth quarter valued at about $238,000.

First Trust Latin America AlphaDEX Fund Company Profile

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.