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

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - Get Free Report) was the recipient of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 1,800 shares, a drop of 83.0% from the January 15th total of 10,600 shares. Based on an average daily volume of 84,400 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Institutional investors have recently modified their holdings of the company. Larson Financial Group LLC increased its position in shares of First Trust Emerging Markets AlphaDEX Fund by 33.1% during the fourth quarter. Larson Financial Group LLC now owns 1,943 shares of the company's stock worth $43,000 after purchasing an additional 483 shares in the last quarter. Synergy Investment Management LLC acquired a new position in First Trust Emerging Markets AlphaDEX Fund during the fourth quarter worth about $69,000. Tucker Asset Management LLC grew its holdings in First Trust Emerging Markets AlphaDEX Fund by 23.3% during the 4th quarter. Tucker Asset Management LLC now owns 3,241 shares of the company's stock valued at $71,000 after buying an additional 612 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 615.3% during the fourth quarter. Jones Financial Companies Lllp now owns 5,644 shares of the company's stock worth $124,000 after buying an additional 4,855 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of First Trust Emerging Markets AlphaDEX Fund during the fourth quarter worth $206,000.

First Trust Emerging Markets AlphaDEX Fund Stock Up 1.2 %

NASDAQ FEM traded up $0.28 on Friday, reaching $22.86. The stock had a trading volume of 65,514 shares, compared to its average volume of 89,167. The firm has a market capitalization of $397.76 million, a price-to-earnings ratio of 5.06 and a beta of 0.85. First Trust Emerging Markets AlphaDEX Fund has a 12-month low of $21.07 and a 12-month high of $25.38. The stock has a fifty day moving average price of $22.27 and a two-hundred day moving average price of $22.72.

First Trust Emerging Markets AlphaDEX Fund Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.1449 per share. The ex-dividend date of this dividend was Friday, December 13th.

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.