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

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - Get Free Report) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 85,900 shares, an increase of 1,689.6% from the February 28th total of 4,800 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 82,300 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FEM. Richmond Investment Services LLC bought a new position in First Trust Emerging Markets AlphaDEX Fund in the 4th quarter worth $246,000. Snowden Capital Advisors LLC raised its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 5.8% in the fourth quarter. Snowden Capital Advisors LLC now owns 38,443 shares of the company's stock worth $847,000 after buying an additional 2,098 shares during the period. Citadel Advisors LLC purchased a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the 4th quarter valued at about $752,000. Baird Financial Group Inc. bought a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the 4th quarter valued at approximately $421,000. Finally, Bank of America Corp DE raised its stake in First Trust Emerging Markets AlphaDEX Fund by 64.1% during the 4th quarter. Bank of America Corp DE now owns 1,039,178 shares of the company's stock worth $22,892,000 after acquiring an additional 405,760 shares during the period.

First Trust Emerging Markets AlphaDEX Fund Stock Down 1.4 %

NASDAQ:FEM traded down $0.32 on Friday, hitting $22.92. The stock had a trading volume of 61,825 shares, compared to its average volume of 62,847. The business's 50-day simple moving average is $22.71 and its two-hundred day simple moving average is $22.72. The stock has a market cap of $398.81 million, a price-to-earnings ratio of 7.52 and a beta of 0.85. First Trust Emerging Markets AlphaDEX Fund has a 52-week low of $21.07 and a 52-week high of $25.38.

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First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be given a dividend of $0.0393 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.16 annualized dividend and a yield of 0.69%.

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.