First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Sees Significant Increase in Short Interest

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the recipient of a large increase in short interest in July. As of July 31st, there was short interest totaling 13,095 shares, an increase of 90.8% from the July 15th total of 6,865 shares. Based on an average daily trading volume, of 17,292 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.9% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust Latin America AlphaDEX Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in First Trust Latin America AlphaDEX Fund during the second quarter worth approximately $35,000. Balboa Wealth Partners bought a new stake in shares of First Trust Latin America AlphaDEX Fund during the 1st quarter valued at $204,000. GK Wealth Management LLC acquired a new stake in shares of First Trust Latin America AlphaDEX Fund during the 2nd quarter worth $268,000. Cetera Investment Advisers increased its position in shares of First Trust Latin America AlphaDEX Fund by 3.1% in the fourth quarter. Cetera Investment Advisers now owns 25,504 shares of the company’s stock worth $578,000 after purchasing an additional 765 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in First Trust Latin America AlphaDEX Fund by 6.5% in the fourth 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.

First Trust Latin America AlphaDEX Fund Stock Performance

NASDAQ:FLN opened at $24.71 on Tuesday. First Trust Latin America AlphaDEX Fund has a 52 week low of $19.65 and a 52 week high of $28.50. The firm has a market cap of $35.83 million, a price-to-earnings ratio of 9.93 and a beta of 0.76. The firm’s 50-day simple moving average is $25.29 and its 200 day simple moving average is $25.87.

First Trust Latin America AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.2525 per share. This represents a $1.01 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Thursday, June 25th. This is a boost from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.23.

About First Trust Latin America AlphaDEX Fund

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.