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

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) was the target of a significant decline in short interest in January. As of January 15th, there was short interest totalling 700 shares, a decline of 80.0% from the December 31st total of 3,500 shares. Based on an average daily trading volume, of 9,300 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Latin America AlphaDEX Fund Stock Up 1.6 %

Shares of First Trust Latin America AlphaDEX Fund stock traded up $0.26 during trading on Thursday, reaching $16.63. The company’s stock had a trading volume of 6,736 shares, compared to its average volume of 19,970. The business has a 50 day moving average price of $15.89 and a 200-day moving average price of $17.17. The company has a market capitalization of $14.14 million, a P/E ratio of 5.99 and a beta of 1.09. First Trust Latin America AlphaDEX Fund has a 12-month low of $15.03 and a 12-month high of $21.07.

Institutional Trading of First Trust Latin America AlphaDEX Fund

An institutional investor recently raised its position in First Trust Latin America AlphaDEX Fund stock. Jane Street Group LLC grew its holdings in shares of First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) by 27.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,053 shares of the company’s stock after purchasing an additional 14,960 shares during the period. Jane Street Group LLC owned approximately 6.91% of First Trust Latin America AlphaDEX Fund worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission.

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.