First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Short Interest Up 150.0% in December

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the target of a large growth in short interest in the month of December. As of December 31st, there was short interest totalling 3,500 shares, a growth of 150.0% from the December 15th total of 1,400 shares. Based on an average daily volume of 7,800 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On First Trust Latin America AlphaDEX Fund

Large investors have recently made changes to their positions in the stock. Jane Street Group LLC lifted its position in First Trust Latin America AlphaDEX Fund by 27.7% in the 3rd quarter. Jane Street Group LLC now owns 69,053 shares of the company’s stock valued at $1,246,000 after acquiring an additional 14,960 shares in the last quarter. Cottonwood Capital Advisors LLC raised its stake in shares of First Trust Latin America AlphaDEX Fund by 53.3% in the 3rd quarter. Cottonwood Capital Advisors LLC now owns 27,906 shares of the company’s stock valued at $503,000 after purchasing an additional 9,703 shares during the period. Finally, Horizon Advisory Services Inc. lifted its holdings in shares of First Trust Latin America AlphaDEX Fund by 3.2% in the second quarter. Horizon Advisory Services Inc. now owns 22,133 shares of the company’s stock valued at $390,000 after purchasing an additional 691 shares in the last quarter.

First Trust Latin America AlphaDEX Fund Stock Performance

NASDAQ FLN traded up $0.41 during trading hours on Wednesday, reaching $15.80. 2,153 shares of the company’s stock were exchanged, compared to its average volume of 5,084. The company has a market capitalization of $13.43 million, a price-to-earnings ratio of 5.99 and a beta of 1.09. The company’s 50-day moving average is $16.10 and its two-hundred day moving average is $17.33. First Trust Latin America AlphaDEX Fund has a one year low of $15.03 and a one year high of $21.07.

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.