First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Short Interest Up 11.1% in November

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 1,000 shares, a growth of 11.1% from the October 31st total of 900 shares. Based on an average daily trading volume, of 5,700 shares, the short-interest ratio is presently 0.2 days.

First Trust Latin America AlphaDEX Fund Stock Performance

NASDAQ:FLN traded up $0.20 during mid-day trading on Tuesday, reaching $16.33. 3,255 shares of the company’s stock were exchanged, compared to its average volume of 17,809. The firm has a market capitalization of $16.33 million, a PE ratio of 5.99 and a beta of 1.09. First Trust Latin America AlphaDEX Fund has a one year low of $15.98 and a one year high of $21.07. The business’s fifty day simple moving average is $17.25 and its two-hundred day simple moving average is $18.00.

First Trust Latin America AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.3823 dividend. This represents a $1.53 dividend on an annualized basis and a dividend yield of 9.36%. This is an increase from First Trust Latin America AlphaDEX Fund’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, September 26th.

Institutional Investors Weigh In On First Trust Latin America AlphaDEX Fund

Institutional investors have recently made changes to their positions in the stock. Cottonwood Capital Advisors LLC lifted its position in First Trust Latin America AlphaDEX Fund by 6.2% during the second quarter. Cottonwood Capital Advisors LLC now owns 18,203 shares of the company’s stock worth $335,000 after purchasing an additional 1,063 shares during the period. Horizon Advisory Services Inc. raised its position in shares of 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 buying an additional 691 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings 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 during the period.

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.