First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Short Interest Up 380.0% in February

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) saw a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 4,800 shares, an increase of 380.0% from the February 13th total of 1,000 shares. Based on an average daily trading volume, of 81,000 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On First Trust Emerging Markets AlphaDEX Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FEM. Assetmark Inc. raised its position 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 acquiring an additional 23,509 shares in the last quarter. Atria Investments Inc raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 11.2% in the third quarter. Atria Investments Inc now owns 60,981 shares of the company’s stock valued at $1,461,000 after purchasing an additional 6,151 shares during the period. Prospera Financial Services Inc raised its position 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 purchasing an additional 5,543 shares during the period. Great Valley Advisor Group Inc. raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 9.0% in the third quarter. Great Valley Advisor Group Inc. now owns 11,657 shares of the company’s stock valued at $279,000 after purchasing an additional 961 shares during the period. Finally, D.A. Davidson & CO. raised its position in shares of First Trust Emerging Markets AlphaDEX Fund by 6.6% in the third quarter. D.A. Davidson & CO. now owns 31,283 shares of the company’s stock valued at $750,000 after purchasing an additional 1,941 shares during the period.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

Shares of FEM stock traded down $0.01 during trading on Thursday, hitting $23.00. 1,344 shares of the company were exchanged, compared to its average volume of 61,910. The firm has a market capitalization of $400.20 million, a price-to-earnings ratio of 7.07 and a beta of 0.85. The business’s 50-day simple moving average is $22.35 and its 200 day simple moving average is $22.69. First Trust Emerging Markets AlphaDEX Fund has a twelve month low of $21.07 and a twelve month high of $25.38.

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.