First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Short Interest Update

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 273,552 shares, a growth of 474.3% from the May 31st total of 47,635 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 107,233 shares, the short-interest ratio is presently 2.6 days.

First Trust Emerging Markets AlphaDEX Fund Trading Down 0.5%

Shares of FEM traded down $0.17 during trading hours on Friday, hitting $31.35. 64,294 shares of the stock traded hands, compared to its average volume of 141,369. First Trust Emerging Markets AlphaDEX Fund has a 1-year low of $24.19 and a 1-year high of $35.61. The firm has a market capitalization of $705.38 million, a PE ratio of 9.20 and a beta of 0.60. The business has a fifty day moving average of $32.56 and a 200-day moving average of $30.52.

First Trust Emerging Markets AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be given a dividend of $0.1899 per share. This represents a $0.76 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Thursday, June 25th. This is a boost from First Trust Emerging Markets AlphaDEX Fund’s previous quarterly dividend of $0.03.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of institutional investors and hedge funds have recently modified their holdings of FEM. Signature Equity Partners LLC boosted its stake in First Trust Emerging Markets AlphaDEX Fund by 64.0% in the first quarter. Signature Equity Partners LLC now owns 894 shares of the company’s stock valued at $27,000 after acquiring an additional 349 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of First Trust Emerging Markets AlphaDEX Fund by 0.9% in the 4th quarter. Chicago Partners Investment Group LLC now owns 39,068 shares of the company’s stock worth $1,161,000 after purchasing an additional 354 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 3.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,675 shares of the company’s stock worth $292,000 after purchasing an additional 397 shares during the period. Geneos Wealth Management Inc. increased its holdings in First Trust Emerging Markets AlphaDEX Fund by 26.8% in the second quarter. Geneos Wealth Management Inc. now owns 1,930 shares of the company’s stock valued at $47,000 after purchasing an additional 408 shares during the last quarter. Finally, Formidable Asset Management LLC increased its holdings in First Trust Emerging Markets AlphaDEX Fund by 2.2% in the fourth quarter. Formidable Asset Management LLC now owns 19,363 shares of the company’s stock valued at $525,000 after purchasing an additional 415 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.