First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) Experiences Significant Decline in Short Interest

The First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) experienced a notable reduction in short interest throughout the month of December. By December 15th, the total short interest had fallen to 18,600 shares, reflecting a substantial decrease of 87.6% from the previous total of 150,600 shares reported on November 30th. Given the average daily trading volume of 63,100 shares for FEM, the current days-to-cover ratio stands at 0.3 days.

Institutional Investors Adjust Their Positions in FEM

Several institutional investors have recently made changes to their holdings in the First Trust Emerging Markets AlphaDEX Fund. For instance, International Assets Investment Management LLC significantly raised its stake in FEM by an astonishing 19,213.2% during the third quarter. After this increase, the firm now owns 828,343 shares valued at approximately $198,470,000. Similarly, Envestnet Asset Management Inc. boosted its shareholding by 2.3% in the second quarter, acquiring an additional 12,052 shares, which brought its total to 529,699 shares worth $12,681,000. Furthermore, Sanctuary Advisors LLC increased its investment by 8.1% during the third quarter, resulting in ownership of 450,578 shares valued at around $10,066,000. The Bank of New York Mellon Corp also raised its stake by 1.8% in the second quarter, holding 279,734 shares now worth $6,697,000 after purchasing another 4,923 shares. Finally, Cambridge Investment Research Advisors Inc. expanded its position by 3.2%, acquiring 5,216 additional shares and now owning a total of 169,130 shares worth $4,049,000.

Current Performance of First Trust Emerging Markets AlphaDEX Fund

On the trading day that followed this report, FEM's stock experienced a slight decline, dropping by $0.02 to a price of $22.42. In total, 29,440 shares of the fund were traded, which is lower than its average trading volume of 60,890 shares. The market capitalization of the First Trust Emerging Markets AlphaDEX Fund is approximately $412.53 million, with a price-to-earnings (P/E) ratio of 5.06. Additionally, it boasts a beta of 0.85. The fund's 50-day moving average is recorded at $22.69, while the 200-day moving average is at $23.21. Over the past year, the stock reached a low of $21.43 and a high of $25.38.

Dividend Announcement for Shareholders

In recent news, the First Trust Emerging Markets AlphaDEX Fund declared a dividend that will be distributed on Tuesday, December 31st. Those who were shareholders as of Friday, December 13th, will receive a dividend payment of $0.1449. The ex-dividend date for this payment was also December 13th.

Overview of First Trust Emerging Markets AlphaDEX Fund

The First Trust Emerging Markets AlphaDEX Fund is an exchange-traded fund (ETF) that focuses on companies from emerging markets, using the NASDAQ AlphaDEX EM index as its basis. This fund employs a quantitative method for selecting its index components, which are then tier-weighted. The fund was launched on April 18, 2011, and is managed by First Trust.

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