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

The First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM - Get Free Report) experienced a notable reduction in short interest during January. According to the latest data available as of January 15th, the total short interest stood at 2,900 shares, reflecting a significant decrease of 84.4% from the December 31st total of 18,600 shares. With an average daily trading volume of 72,900 shares, this leads to a short-interest ratio of approximately 0.0 days.

First Trust Emerging Markets AlphaDEX Fund Performance Highlights

On Tuesday, the First Trust Emerging Markets AlphaDEX Fund saw its share price rise by $0.01, reaching $22.12. The trading volume for the day was 100,283 shares, which is slightly above the average volume of 99,493 shares. The fund has a market capitalization of $384.89 million and a price-to-earnings (PE) ratio of 5.06, along with a beta of 0.85. Throughout the last year, the fund reached a low of $21.07 and a high of $25.38. Currently, the 50-day simple moving average is $22.32, while the 200-day simple moving average is $22.86.

Recent Dividend Announcement

Additionally, the First Trust Emerging Markets AlphaDEX Fund declared a dividend that was distributed on Tuesday, December 31st. This dividend amounted to $0.1449 and was allocated to shareholders who were on record as of Friday, December 13th. The ex-dividend date was also set for Friday, December 13th.

Institutional Investment Activity

A number of institutional investors and hedge funds have been adjusting their positions in the First Trust Emerging Markets AlphaDEX Fund recently. Notably, International Assets Investment Management LLC increased its stake in the fund by a staggering 19,213.2% during the third quarter, bringing its total ownership to 828,343 shares valued at approximately $198,470,000 after acquiring an additional 824,054 shares. In the fourth quarter, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased their holdings by 2.5%, taking their total to 569,208 shares, which are valued at $12,539,000 after adding 13,754 shares. Sanctuary Advisors LLC also raised its stake by 8.1% in the same quarter, holding 450,578 shares worth $10,066,000 after acquiring 33,577 additional shares. Other firms such as Private Advisor Group LLC and Assetmark Inc. also boosted their stakes, demonstrating a growing interest in the fund among institutional investors.

Understanding the First Trust Emerging Markets AlphaDEX Fund

The First Trust Emerging Markets AlphaDEX Fund (FEM) is an exchange-traded fund that tracks the NASDAQ AlphaDEX EM Index. This fund selects companies from emerging markets using a specific quantitative methodology and weights them accordingly. The fund has been operational since April 18, 2011, and is managed by the First Trust organization.

Considerations for Potential Investors

Before making an investment decision regarding the First Trust Emerging Markets AlphaDEX Fund, potential investors should gather all necessary information. Although the fund presently holds a "Hold" rating among analysts, it's crucial to consider other investment opportunities. As top analysts share insights daily, they may recommend alternative stocks that could be better suited for investment portfolios at this time.

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