Short Interest in First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Expands By 175.2%

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 14,913 shares, a growth of 175.2% from the April 30th total of 5,418 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 37,913 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of First Trust Emerging Markets Small Cap AlphaDEX Fund

A number of hedge funds have recently bought and sold shares of the company. CWM LLC boosted its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.5% during the fourth quarter. CWM LLC now owns 20,068 shares of the exchange traded fund’s stock worth $845,000 after acquiring an additional 304 shares during the last quarter. Merit Financial Group LLC boosted its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 6.7% during the fourth quarter. Merit Financial Group LLC now owns 5,248 shares of the exchange traded fund’s stock worth $221,000 after acquiring an additional 330 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 0.4% during the third quarter. Integrated Wealth Concepts LLC now owns 119,447 shares of the exchange traded fund’s stock worth $5,277,000 after acquiring an additional 492 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,066 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 533 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its position in 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 worth $400,000 after acquiring an additional 535 shares during the last quarter.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Performance

NASDAQ FEMS traded down $0.21 during mid-day trading on Friday, reaching $46.92. 33,275 shares of the stock were exchanged, compared to its average volume of 30,286. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 1-year low of $38.58 and a 1-year high of $49.49. The business’s fifty day simple moving average is $46.82 and its 200 day simple moving average is $45.13. The stock has a market capitalization of $260.41 million, a PE ratio of 8.10 and a beta of 0.51.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.3033 per share. The ex-dividend date was Thursday, March 26th. This represents a $1.21 dividend on an annualized basis and a yield of 2.6%.

First Trust Emerging Markets Small Cap AlphaDEX Fund Company Profile

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.