Short Interest in First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Decreases By 84.4%

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - Get Free Report) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totalling 2,900 shares, a decrease of 84.4% from the December 31st total of 18,600 shares. Based on an average trading volume of 72,900 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FEM. Prospera Financial Services Inc raised its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 9.6% in the third quarter. Prospera Financial Services Inc now owns 63,409 shares of the company's stock valued at $1,519,000 after buying an additional 5,543 shares during the period. Atria Investments Inc raised its stake in First Trust Emerging Markets AlphaDEX Fund by 11.2% in the 3rd quarter. Atria Investments Inc now owns 60,981 shares of the company's stock valued at $1,461,000 after acquiring an additional 6,151 shares during the period. Assetmark Inc. lifted its holdings in First Trust Emerging Markets AlphaDEX Fund by 17.7% during the third quarter. Assetmark Inc. now owns 156,119 shares of the company's stock valued at $3,741,000 after purchasing an additional 23,509 shares during the last quarter. TrueWealth Advisors LLC boosted its position in First Trust Emerging Markets AlphaDEX Fund by 42.3% during the third quarter. TrueWealth Advisors LLC now owns 16,101 shares of the company's stock worth $386,000 after purchasing an additional 4,785 shares during the period. Finally, Golden State Equity Partners boosted its position in First Trust Emerging Markets AlphaDEX Fund by 12.9% during the third quarter. Golden State Equity Partners now owns 31,040 shares of the company's stock worth $744,000 after purchasing an additional 3,553 shares during the period.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

Shares of First Trust Emerging Markets AlphaDEX Fund stock traded down $0.17 during mid-day trading on Friday, hitting $22.19. 276,887 shares of the stock were exchanged, compared to its average volume of 106,354. First Trust Emerging Markets AlphaDEX Fund has a 12 month low of $21.07 and a 12 month high of $25.38. The company has a 50-day simple moving average of $22.31 and a 200 day simple moving average of $22.81. The company has a market capitalization of $386.11 million, a P/E ratio of 5.06 and a beta of 0.85.

First Trust Emerging Markets AlphaDEX Fund Dividend Announcement

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