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

The First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - Get Free Report) experienced a notable rise in short interest during the month of February. As of February 28th, short interest reached a total of 4,800 shares, which marks a staggering increase of 380.0% from the total of 1,000 shares recorded on February 13th. Given the average daily trading volume of 81,000 shares, the short-interest ratio is currently calculated at 0.1 days. Currently, approximately 0.0% of the company’s shares are sold short.

Institutional Investors and Their Activity in the Fund

Several institutional investors have recently made changes to their stakes in the First Trust Emerging Markets AlphaDEX Fund. For instance, Wells Fargo & Company MN increased its holdings by 1.2% during the fourth quarter, acquiring an additional 16,207 shares, bringing its total to 1,332,636 shares valued at $29,356,000. Similarly, Bank of America Corp DE boosted its position by a significant 64.1%, now holding 1,039,178 shares worth $22,892,000 after purchasing an additional 405,760 shares. Other notable investors include Empirical Financial Services LLC, which increased its stake by 2.5%, now owning 569,208 shares valued at $12,539,000, and Envestnet Asset Management Inc., which grew its position by 2.3% with 545,663 shares worth $12,020,000. Sanctuary Advisors LLC also increased its stake by 3.9%, bringing its holdings to 468,075 shares valued at $10,468,000.

Recent Performance of First Trust Emerging Markets AlphaDEX Fund

On Wednesday, NASDAQ:FEM saw a slight rise of 0.5%, trading at $23.01. This increase occurred on a trading volume of 168,876 shares, surpassing its average volume of 62,124. Over the past year, the stock has reached a low of $21.07 and a high of $25.38. The market capitalization of the fund is currently at $400.37 million, with a price-to-earnings ratio of 7.07 and a beta value of 0.85. Additionally, the fund's 50-day moving average stands at $22.33, while the 200-day moving average is at $22.68.

Dividend Announcement from First Trust Emerging Markets AlphaDEX Fund

The fund recently announced a dividend, which was distributed on Tuesday, December 31st. Shareholders who were on record as of Friday, December 13th, received a dividend of $0.1449 per share. The ex-dividend date for this payment was also set for Friday, December 13th.

About First Trust Emerging Markets AlphaDEX Fund

The First Trust Emerging Markets AlphaDEX Fund (FEM) is an exchange-traded fund based on the NASDAQ AlphaDEX EM index. This fund tracks an index of companies in emerging markets, applying a quantitative methodology for selection and weighting. FEM was launched on April 18, 2011, and is managed by First Trust.

Fund, Investment, Stocks