First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Short Interest Update

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 50,737 shares, a decline of 60.2% from the August 15th total of 127,536 shares. Based on an average daily trading volume, of 109,348 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.9% of the company’s shares are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV boosted its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 6.5% during the first quarter. Nations Financial Group Inc. IA ADV now owns 8,778 shares of the exchange traded fund’s stock valued at $400,000 after purchasing an additional 535 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 7.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,626 shares of the exchange traded fund’s stock worth $484,000 after purchasing an additional 710 shares in the last quarter. Archer Investment Corp lifted its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.1% during the 1st quarter. Archer Investment Corp now owns 69,100 shares of the exchange traded fund’s stock valued at $3,148,000 after acquiring an additional 763 shares during the period. Fifth Third Bancorp purchased a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund in the first quarter worth approximately $41,000. Finally, MCF Advisors LLC purchased a new position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund in the 2nd quarter worth $64,000.

First Trust Emerging Markets Small Cap AlphaDEX Fund Price Performance

FEMS traded down $0.32 on Tuesday, hitting $45.15. The company had a trading volume of 140,779 shares, compared to its average volume of 36,770. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 52-week low of $40.94 and a 52-week high of $49.49. The stock has a fifty day simple moving average of $45.63 and a 200-day simple moving average of $46.15. The firm has a market capitalization of $228.47 million, a P/E ratio of 8.10 and a beta of 0.51.

First Trust Emerging Markets Small Cap AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.445 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.78 annualized dividend and a dividend yield of 3.9%. This is an increase from First Trust Emerging Markets Small Cap AlphaDEX Fund’s previous quarterly dividend of $0.30.

About First Trust Emerging Markets Small Cap AlphaDEX Fund

The First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) is an exchange-traded fund that is based on the NASDAQ AlphaDEX EM Small Cap index. The fund aims to outperform other index funds by selecting small-cap emerging markets securities using quantitative metrics. FEMS was launched on Feb 15, 2012 and is managed by First Trust.