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

The First Trust Emerging Markets AlphaDEX Fund (NASDAQ:FEM) experienced a notable reduction in short interest over the month of January. As of January 15th, short interest was recorded at 2,900 shares, marking a significant decline of 84.4% from the 18,600 shares reported on December 31st. Given the fund's average daily trading volume of 72,900 shares, the current days-to-cover ratio stands at 0.0 days.

Recent Trading Activity

On Tuesday, FEM saw a slight increase in its trading price, rising by $0.01 to reach $22.12. The trading volume for the day was 100,283 shares, slightly above its average volume of 99,493 shares. The fund’s market capitalization is approximately $384.89 million, with a price-to-earnings (PE) ratio of 5.06. FEM has a beta of 0.85, indicating that it is slightly less volatile compared to the market. Over the past year, the share price has fluctuated, hitting a low of $21.07 and a high of $25.38. The 50-day simple moving average for the stock is currently at $22.32, while the 200-day simple moving average is $22.86.

Dividend Information

Additionally, the First Trust Emerging Markets AlphaDEX Fund has recently announced a dividend, which was distributed on December 31st. Shareholders who were on record as of Friday, December 13th, were entitled to a dividend payment of $0.1449. The ex-dividend date was also set for December 13th.

Institutional Investment Trends

Recent activity among institutional investors and hedge funds has shown significant changes in their stakes in FEM. In the third quarter, International Assets Investment Management LLC increased its holdings by a staggering 19,213.2%, acquiring an additional 824,054 shares to reach a total of 828,343 shares valued at $198,470,000. Furthermore, Empirical Financial Services LLC, which operates as Empirical Wealth Management, raised its position by 2.5% in the fourth quarter, currently holding 569,208 shares worth $12,539,000 after adding 13,754 shares during this timeframe. Sanctuary Advisors LLC also increased its stake by 8.1% in the third quarter, bringing its total to 450,578 shares valued at $10,066,000 after acquiring 33,577 additional shares. Additionally, Private Advisor Group LLC upped its holdings by 7.4%, now owning 169,011 shares valued at $4,050,000 after purchasing 11,655 shares. Lastly, Assetmark Inc. increased its stake by 17.7% during the same quarter, acquiring an additional 23,509 shares, totaling 156,119 shares worth $3,741,000.

Fund Overview

The First Trust Emerging Markets AlphaDEX Fund is an exchange-traded fund that is designed to track the NASDAQ AlphaDEX EM index. This fund includes a selection of companies from emerging markets, chosen through a quantitative approach and weighted in tiers. The fund was established on April 18, 2011, and is managed by First Trust.

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