First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Sees Significant Drop in Short Interest

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 6,865 shares, a decrease of 66.7% from the June 30th total of 20,622 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 13,558 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On First Trust Latin America AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in FLN. GK Wealth Management LLC bought a new stake in First Trust Latin America AlphaDEX Fund during the second quarter valued at $268,000. Cetera Investment Advisers grew its position in First Trust Latin America AlphaDEX Fund by 11.9% during the first quarter. Cetera Investment Advisers now owns 28,544 shares of the company’s stock worth $729,000 after buying an additional 3,040 shares in the last quarter. D.A. Davidson & CO. bought a new position in First Trust Latin America AlphaDEX Fund in the 1st quarter worth about $1,549,000. Balboa Wealth Partners bought a new position in First Trust Latin America AlphaDEX Fund in the 1st quarter worth about $204,000. Finally, LPL Financial LLC raised its holdings in shares of First Trust Latin America AlphaDEX Fund by 65.3% in the 4th quarter. LPL Financial LLC now owns 103,194 shares of the company’s stock valued at $2,341,000 after acquiring an additional 40,773 shares in the last quarter.

First Trust Latin America AlphaDEX Fund Price Performance

NASDAQ FLN opened at $25.58 on Friday. First Trust Latin America AlphaDEX Fund has a 1 year low of $18.51 and a 1 year high of $28.50. The stock has a market capitalization of $37.09 million, a PE ratio of 9.93 and a beta of 0.76. The company’s 50 day simple moving average is $25.29 and its two-hundred day simple moving average is $25.75.

First Trust Latin America AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.2525 per share. This is an increase from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, June 25th. This represents a $1.01 dividend on an annualized basis and a dividend yield of 3.9%.

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.