First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Sees Significant Increase in Short Interest
by Amy Steele · The Cerbat GemFirst Trust Latin America AlphaDEX Fund (NASDAQ:FLN – Get Free Report) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 26,393 shares, a growth of 27.2% from the December 15th total of 20,750 shares. Currently, 3.8% of the shares of the company are short sold. Based on an average trading volume of 3,250 shares, the days-to-cover ratio is currently 8.1 days. Based on an average trading volume of 3,250 shares, the days-to-cover ratio is currently 8.1 days. Currently, 3.8% of the shares of the company are short sold.
Hedge Funds Weigh In On First Trust Latin America AlphaDEX Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of First Trust Latin America AlphaDEX Fund in the second quarter valued at about $35,000. Coppell Advisory Solutions LLC boosted its holdings in First Trust Latin America AlphaDEX Fund by 106.1% in the 2nd quarter. Coppell Advisory Solutions LLC now owns 24,481 shares of the company’s stock valued at $479,000 after purchasing an additional 12,600 shares in the last quarter. Cetera Investment Advisers acquired a new position in First Trust Latin America AlphaDEX Fund during the 2nd quarter worth approximately $523,000. Envestnet Asset Management Inc. acquired a new stake in shares of First Trust Latin America AlphaDEX Fund during the 2nd quarter valued at approximately $530,000. Finally, Cottonwood Capital Advisors LLC grew its holdings in shares of First Trust Latin America AlphaDEX Fund by 8.8% in the 3rd quarter. Cottonwood Capital Advisors LLC now owns 30,495 shares of the company’s stock worth $653,000 after acquiring an additional 2,457 shares during the period.
First Trust Latin America AlphaDEX Fund Trading Up 0.6%
Shares of FLN traded up $0.14 during mid-day trading on Friday, hitting $24.24. 9,506 shares of the company’s stock were exchanged, compared to its average volume of 22,773. First Trust Latin America AlphaDEX Fund has a fifty-two week low of $15.57 and a fifty-two week high of $24.32. The business’s 50 day moving average is $22.76 and its two-hundred day moving average is $21.26. The firm has a market capitalization of $19.39 million, a P/E ratio of 9.93 and a beta of 0.91.
First Trust Latin America AlphaDEX Fund Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.3093 dividend. The ex-dividend date of this dividend was Friday, December 12th. This is an increase from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.09. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.1%.
About First Trust Latin America AlphaDEX Fund
The First Trust Latin America AlphaDEX Fund (FLN) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Latin America index. The fund tracks an index of Latin American firms screened based on a proprietary methodology, using various factors and weighted in tiers. FLN was launched on Apr 18, 2011 and is managed by First Trust.