First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Short Interest Up 2,907.9% in April

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First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEMGet Rating) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 303,800 shares, an increase of 2,907.9% from the April 15th total of 10,100 shares. Based on an average daily volume of 82,900 shares, the short-interest ratio is currently 3.7 days.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE lifted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 2.9% during the fourth quarter. Bank of America Corp DE now owns 522,009 shares of the company’s stock valued at $13,620,000 after purchasing an additional 14,768 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 0.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 404,827 shares of the company’s stock valued at $10,562,000 after purchasing an additional 1,256 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 28.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 363,126 shares of the company’s stock valued at $9,474,000 after purchasing an additional 79,519 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 35.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 211,209 shares of the company’s stock valued at $5,511,000 after purchasing an additional 55,626 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of First Trust Emerging Markets AlphaDEX Fund by 3.6% during the fourth quarter. Cetera Investment Advisers now owns 202,142 shares of the company’s stock valued at $5,274,000 after purchasing an additional 6,949 shares during the last quarter.

FEM traded down $0.04 on Wednesday, hitting $22.59. The company had a trading volume of 146,260 shares, compared to its average volume of 92,469. First Trust Emerging Markets AlphaDEX Fund has a 52-week low of $22.42 and a 52-week high of $29.24. The stock has a fifty day simple moving average of $24.66 and a 200-day simple moving average of $25.57.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Monday, March 28th were issued a $0.014 dividend. The ex-dividend date of this dividend was Friday, March 25th. This represents a $0.06 annualized dividend and a yield of 0.25%.

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