First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Short Interest Up 342.9% in January

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 3,100 shares, an increase of 342.9% from the January 15th total of 700 shares. Based on an average trading volume of 11,800 shares, the short-interest ratio is currently 0.3 days.

First Trust Latin America AlphaDEX Fund Price Performance

First Trust Latin America AlphaDEX Fund stock traded down $0.05 during mid-day trading on Thursday, hitting $16.86. 1,005 shares of the company’s stock traded hands, compared to its average volume of 14,673. The firm has a 50 day simple moving average of $15.94 and a two-hundred day simple moving average of $17.06. First Trust Latin America AlphaDEX Fund has a fifty-two week low of $15.03 and a fifty-two week high of $21.07. The stock has a market cap of $14.33 million, a price-to-earnings ratio of 5.99 and a beta of 1.09.

Institutional Investors Weigh In On First Trust Latin America AlphaDEX Fund

A number of hedge funds and other institutional investors have recently modified their holdings of FLN. OLD Mission Capital LLC grew its position in First Trust Latin America AlphaDEX Fund by 7.1% in the fourth quarter. OLD Mission Capital LLC now owns 21,006 shares of the company’s stock valued at $319,000 after acquiring an additional 1,387 shares during the last quarter. Cottonwood Capital Advisors LLC increased its position in First Trust Latin America AlphaDEX Fund by 9.8% during the 4th quarter. Cottonwood Capital Advisors LLC now owns 30,636 shares of the company’s stock worth $465,000 after purchasing an additional 2,730 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in First Trust Latin America AlphaDEX Fund by 27.7% in the 3rd quarter. Jane Street Group LLC now owns 69,053 shares of the company’s stock valued at $1,246,000 after purchasing an additional 14,960 shares during the last quarter.

First Trust Latin America AlphaDEX Fund Company Profile

The First Trust Latin America AlphaDEX Fund (FLN) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Latin America index. The fund tracks an index of Latin American firms screened based on a proprietary methodology, using various factors and weighted in tiers. FLN was launched on Apr 18, 2011 and is managed by First Trust.