First Trust Latin America AlphaDEX Fund (NASDAQ:FLN – Get Free Report) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 3,500 shares, a growth of 150.0% from the December 31st total of 1,400 shares. Based on an average daily trading volume, of 7,800 shares, the short-interest ratio is presently 0.4 days.
Hedge Funds Weigh In On First Trust Latin America AlphaDEX Fund
An institutional investor recently raised its position in First Trust Latin America AlphaDEX Fund stock. Cottonwood Capital Advisors LLC raised its position in shares of First Trust Latin America AlphaDEX Fund (NASDAQ:FLN – Free Report) by 9.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,636 shares of the company’s stock after purchasing an additional 2,730 shares during the quarter. Cottonwood Capital Advisors LLC owned 3.60% of First Trust Latin America AlphaDEX Fund worth $465,000 as of its most recent SEC filing.
First Trust Latin America AlphaDEX Fund Stock Performance
Shares of FLN stock traded up $0.02 during trading hours on Wednesday, reaching $16.37. The company had a trading volume of 209,200 shares, compared to its average volume of 20,706. First Trust Latin America AlphaDEX Fund has a one year low of $15.03 and a one year high of $21.07. The business has a fifty day moving average price of $15.90 and a 200-day moving average price of $17.17. The firm has a market cap of $13.91 million, a PE ratio of 5.99 and a beta of 1.09.
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.
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