First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Sees Large Drop in Short Interest

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) was the target of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 18,600 shares, a decrease of 87.6% from the November 30th total of 150,600 shares. Based on an average daily volume of 63,100 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

A number of institutional investors have recently added to or reduced their stakes in FEM. International Assets Investment Management LLC lifted its position in shares of First Trust Emerging Markets AlphaDEX Fund by 19,213.2% during the 3rd quarter. International Assets Investment Management LLC now owns 828,343 shares of the company’s stock worth $198,470,000 after buying an additional 824,054 shares during the period. Envestnet Asset Management Inc. raised its stake in First Trust Emerging Markets AlphaDEX Fund by 2.3% during the second quarter. Envestnet Asset Management Inc. now owns 529,699 shares of the company’s stock worth $12,681,000 after acquiring an additional 12,052 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 8.1% during the third quarter. Sanctuary Advisors LLC now owns 450,578 shares of the company’s stock valued at $10,066,000 after acquiring an additional 33,577 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 1.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 279,734 shares of the company’s stock valued at $6,697,000 after purchasing an additional 4,923 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 3.2% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 169,130 shares of the company’s stock worth $4,049,000 after purchasing an additional 5,216 shares during the last quarter.

First Trust Emerging Markets AlphaDEX Fund Stock Down 0.1 %

FEM traded down $0.02 during trading on Thursday, reaching $22.42. 29,440 shares of the company’s stock were exchanged, compared to its average volume of 60,890. The company has a market capitalization of $412.53 million, a P/E ratio of 5.06 and a beta of 0.85. The business has a 50 day moving average price of $22.69 and a 200 day moving average price of $23.21. First Trust Emerging Markets AlphaDEX Fund has a fifty-two week low of $21.43 and a fifty-two week high of $25.38.

First Trust Emerging Markets AlphaDEX Fund Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.1449 dividend. The ex-dividend date of this dividend is Friday, December 13th.

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.