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

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 10,400 shares, a drop of 51.2% from the February 29th total of 21,300 shares. Based on an average daily volume of 39,000 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On First Trust Emerging Markets Small Cap AlphaDEX Fund

A number of hedge funds have recently bought and sold shares of FEMS. ICA Group Wealth Management LLC acquired a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund during the 4th quarter valued at approximately $60,000. Comerica Bank acquired a new position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund in the 3rd quarter worth approximately $77,000. JPMorgan Chase & Co. grew its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 4,073.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,170 shares of the exchange traded fund’s stock worth $79,000 after acquiring an additional 2,118 shares in the last quarter. Principal Securities Inc. acquired a new position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund in the 4th quarter worth approximately $168,000. Finally, Private Trust Co. NA grew its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 35.1% in the 3rd quarter. Private Trust Co. NA now owns 4,522 shares of the exchange traded fund’s stock worth $174,000 after acquiring an additional 1,176 shares in the last quarter.

First Trust Emerging Markets Small Cap AlphaDEX Fund Trading Down 0.2 %

NASDAQ FEMS traded down $0.07 during mid-day trading on Thursday, reaching $38.71. 62,765 shares of the company’s stock traded hands, compared to its average volume of 37,880. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 1-year low of $35.03 and a 1-year high of $39.70. The company has a fifty day simple moving average of $38.55 and a 200-day simple moving average of $37.93. The company has a market cap of $330.97 million, a price-to-earnings ratio of 4.78 and a beta of 0.92.

First Trust Emerging Markets Small Cap AlphaDEX Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd will be paid a dividend of $0.1684 per share. The ex-dividend date is Thursday, March 21st. This represents a $0.67 dividend on an annualized basis and a yield of 1.74%.

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.