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 increase in short interest in August. As of August 31st, there was short interest totalling 41,300 shares, an increase of 4,030.0% from the August 15th total of 1,000 shares. Based on an average daily trading volume, of 58,300 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

Several large investors have recently made changes to their positions in FEM. Envestnet Asset Management Inc. increased its position in First Trust Emerging Markets AlphaDEX Fund by 2.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 529,699 shares of the company’s stock valued at $12,681,000 after buying an additional 12,052 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 1.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 492,709 shares of the company’s stock valued at $11,795,000 after acquiring an additional 8,046 shares in the last quarter. Cetera Investment Advisers raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 16.6% in the 1st quarter. Cetera Investment Advisers now owns 460,439 shares of the company’s stock worth $10,530,000 after purchasing an additional 65,598 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of First Trust Emerging Markets AlphaDEX Fund in the 2nd quarter worth about $9,833,000. Finally, Kingsview Wealth Management LLC boosted its stake in First Trust Emerging Markets AlphaDEX Fund by 10.0% in the 1st quarter. Kingsview Wealth Management LLC now owns 358,555 shares of the company’s stock worth $8,200,000 after purchasing an additional 32,466 shares in the last quarter.

First Trust Emerging Markets AlphaDEX Fund Price Performance

NASDAQ:FEM opened at $22.37 on Friday. The firm’s 50-day moving average price is $23.31 and its 200-day moving average price is $23.63. The company has a market capitalization of $417.20 million, a PE ratio of 5.06 and a beta of 0.85. First Trust Emerging Markets AlphaDEX Fund has a 1-year low of $19.54 and a 1-year high of $25.38.

First Trust Emerging Markets AlphaDEX Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a dividend of $0.2411 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date was Thursday, June 27th.

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.