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First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Short Interest Up 1,197.1% in January

kopsource ·  Feb 11, 2023 21:52

First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM – Get Rating) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 90,800 shares, a growth of 1,197.1% from the January 15th total of 7,000 shares. Based on an average daily trading volume, of 165,200 shares, the short-interest ratio is presently 0.5 days.

First Trust Emerging Markets AlphaDEX Fund Stock Performance

First Trust Emerging Markets AlphaDEX Fund stock opened at $21.03 on Friday. First Trust Emerging Markets AlphaDEX Fund has a 12-month low of $18.20 and a 12-month high of $27.21. The company has a 50-day moving average price of $21.46 and a 200 day moving average price of $20.73.

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First Trust Emerging Markets AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 30th. Investors of record on Tuesday, December 27th were given a dividend of $0.204 per share. This represents a $0.82 annualized dividend and a yield of 3.88%. The ex-dividend date was Friday, December 23rd.

Institutional Investors Weigh In On First Trust Emerging Markets AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of FEM. Claro Advisors LLC boosted its stake in First Trust Emerging Markets AlphaDEX Fund by 3.1% during the second quarter. Claro Advisors LLC now owns 21,044 shares of the company's stock worth $449,000 after buying an additional 624 shares during the period. Money Concepts Capital Corp boosted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 16.5% in the third quarter. Money Concepts Capital Corp now owns 4,631 shares of the company's stock valued at $86,000 after purchasing an additional 655 shares during the period. Concourse Financial Group Securities Inc. boosted its stake in shares of First Trust Emerging Markets AlphaDEX Fund by 13.6% in the second quarter. Concourse Financial Group Securities Inc. now owns 6,674 shares of the company's stock valued at $142,000 after purchasing an additional 800 shares during the period. Acorn Wealth Advisors LLC lifted its stake in First Trust Emerging Markets AlphaDEX Fund by 8.5% in the second quarter. Acorn Wealth Advisors LLC now owns 10,799 shares of the company's stock worth $230,000 after acquiring an additional 845 shares during the last quarter. Finally, Integrated Wealth Concepts LLC lifted its stake in First Trust Emerging Markets AlphaDEX Fund by 1.7% in the second quarter. Integrated Wealth Concepts LLC now owns 55,130 shares of the company's stock worth $1,176,000 after acquiring an additional 917 shares during the last quarter.

Further Reading

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