First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Short Interest Update

by · The Cerbat Gem

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN – Get Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 900 shares, an increase of 125.0% from the October 15th total of 400 shares. Based on an average daily trading volume, of 5,300 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of First Trust Latin America AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC boosted its stake in shares of First Trust Latin America AlphaDEX Fund by 27.7% during the 3rd quarter. Jane Street Group LLC now owns 69,053 shares of the company’s stock worth $1,246,000 after acquiring an additional 14,960 shares in the last quarter. Cottonwood Capital Advisors LLC lifted its position in shares of First Trust Latin America AlphaDEX Fund by 53.3% during the 3rd quarter. Cottonwood Capital Advisors LLC now owns 27,906 shares of the company’s stock valued at $503,000 after buying an additional 9,703 shares in the last quarter. Finally, Horizon Advisory Services Inc. grew its stake in First Trust Latin America AlphaDEX Fund by 3.2% in the 2nd quarter. Horizon Advisory Services Inc. now owns 22,133 shares of the company’s stock valued at $390,000 after acquiring an additional 691 shares during the period.

First Trust Latin America AlphaDEX Fund Trading Down 0.1 %

Shares of FLN stock traded down $0.02 during trading hours on Friday, hitting $16.75. The company’s stock had a trading volume of 3,644 shares, compared to its average volume of 18,238. The stock has a market cap of $16.75 million, a PE ratio of 5.99 and a beta of 1.09. First Trust Latin America AlphaDEX Fund has a 12-month low of $16.41 and a 12-month high of $21.07. The company has a 50 day moving average of $17.61 and a 200 day moving average of $18.29.

First Trust Latin America AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.3823 per share. This is an increase from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.19. This represents a $1.53 annualized dividend and a yield of 9.13%. The ex-dividend date of this dividend was Thursday, September 26th.

About First Trust Latin America AlphaDEX Fund

(Get Free Report)

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.

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