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

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) 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. Currently, 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 82,300 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Great Valley Advisor Group Inc. lifted its holdings in 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 worth $279,000 after purchasing an additional 961 shares during the period. D.A. Davidson & CO. lifted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 6.6% in the 3rd quarter. D.A. Davidson & CO. now owns 31,283 shares of the company’s stock worth $750,000 after acquiring an additional 1,941 shares during the period. CreativeOne Wealth LLC bought a new position in shares of First Trust Emerging Markets AlphaDEX Fund in the third quarter valued at approximately $318,000. Flow Traders U.S. LLC acquired a new position in shares of First Trust Emerging Markets AlphaDEX Fund during the third quarter valued at approximately $449,000. Finally, Benjamin Edwards Inc. raised its holdings in First Trust Emerging Markets AlphaDEX Fund by 413.0% during the third quarter. Benjamin Edwards Inc. now owns 35,859 shares of the company’s stock worth $859,000 after purchasing an additional 28,869 shares in the last quarter.

First Trust Emerging Markets AlphaDEX Fund Price Performance

FEM stock traded up $0.02 on Wednesday, reaching $23.11. The company’s stock had a trading volume of 34,282 shares, compared to its average volume of 62,635. First Trust Emerging Markets AlphaDEX Fund has a 52 week low of $21.07 and a 52 week high of $25.38. The company has a market capitalization of $402.11 million, a P/E ratio of 7.52 and a beta of 0.85. The firm has a fifty day moving average of $22.66 and a two-hundred day moving average of $22.71.

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.