First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) Sees Large Growth in Short Interest

First Trust Latin America AlphaDEX Fund (NASDAQ:FLN) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 3,100 shares, an increase of 342.9% from the January 15th total of 700 shares. Based on an average daily volume of 11,800 shares, the short-interest ratio is presently 0.3 days.

First Trust Latin America AlphaDEX Fund Stock Down 0.3 %

Shares of NASDAQ FLN traded down $0.05 during trading on Thursday, reaching $16.86. The company had a trading volume of 1,005 shares, compared to its average volume of 14,673. First Trust Latin America AlphaDEX Fund has a 12 month low of $15.03 and a 12 month high of $21.07. The stock has a market cap of $14.33 million, a P/E ratio of 5.99 and a beta of 1.09. The company’s fifty day moving average price is $15.94 and its 200-day moving average price is $17.06.

Institutional Trading of First Trust Latin America AlphaDEX Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FLN. Jane Street Group LLC raised its position in shares of 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 worth $1,246,000 after acquiring an additional 14,960 shares in the last quarter. Cottonwood Capital Advisors LLC grew its holdings in First Trust Latin America AlphaDEX Fund by 53.3% in the third quarter. Cottonwood Capital Advisors LLC now owns 27,906 shares of the company’s stock worth $503,000 after purchasing an additional 9,703 shares during the period. Finally, OLD Mission Capital LLC increased its position in First Trust Latin America AlphaDEX Fund by 7.1% in the 4th quarter. OLD Mission Capital LLC now owns 21,006 shares of the company’s stock valued at $319,000 after buying an additional 1,387 shares in the last quarter.

First Trust Latin America AlphaDEX Fund Company Profile

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.