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Short Interest in First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Declines By 84.1%

kopsource ·  Jan 18, 2023 09:31

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM – Get Rating) was the recipient of a large drop in short interest in the month of December. As of December 30th, there was short interest totalling 7,600 shares, a drop of 84.1% from the December 15th total of 47,800 shares. Based on an average trading volume of 153,800 shares, the days-to-cover ratio is presently 0.0 days.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

NASDAQ FEM traded up $0.28 on Tuesday, reaching $21.96. 129,978 shares of the stock traded hands, compared to its average volume of 102,178. The firm's fifty day simple moving average is $20.95 and its 200 day simple moving average is $20.58. First Trust Emerging Markets AlphaDEX Fund has a 12 month low of $18.20 and a 12 month high of $27.46.

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First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Tuesday, December 27th were paid a dividend of $0.204 per share. This represents a $0.82 annualized dividend and a dividend yield of 3.72%. The ex-dividend date was Friday, December 23rd.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Several large investors have recently modified their holdings of FEM. Wells Fargo & Company MN boosted its position in shares of First Trust Emerging Markets AlphaDEX Fund by 3.9% in the second quarter. Wells Fargo & Company MN now owns 1,411,824 shares of the company's stock worth $30,119,000 after buying an additional 53,524 shares during the period. Bank of America Corp DE increased its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 23.9% in the first quarter. Bank of America Corp DE now owns 646,918 shares of the company's stock worth $16,264,000 after purchasing an additional 124,909 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in First Trust Emerging Markets AlphaDEX Fund by 10.1% during the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 587,131 shares of the company's stock worth $10,856,000 after buying an additional 53,932 shares in the last quarter. Royal Bank of Canada grew its position in First Trust Emerging Markets AlphaDEX Fund by 7.0% during the first quarter. Royal Bank of Canada now owns 586,040 shares of the company's stock worth $14,733,000 after buying an additional 38,165 shares in the last quarter. Finally, UBS Group AG grew its position in First Trust Emerging Markets AlphaDEX Fund by 1.5% during the second quarter. UBS Group AG now owns 492,735 shares of the company's stock worth $10,512,000 after buying an additional 7,350 shares in the last quarter.

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