Short Interest in First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Expands By 182.7%

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMSGet Free Report) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 29,400 shares, an increase of 182.7% from the March 15th total of 10,400 shares. Based on an average daily trading volume, of 37,200 shares, the days-to-cover ratio is presently 0.8 days.

First Trust Emerging Markets Small Cap AlphaDEX Fund Trading Down 1.8 %

FEMS stock traded down $0.72 during mid-day trading on Friday, hitting $39.14. The stock had a trading volume of 25,905 shares, compared to its average volume of 36,170. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 52 week low of $35.03 and a 52 week high of $40.18. The firm has a market capitalization of $326.82 million, a P/E ratio of 4.78 and a beta of 0.92. The firm has a fifty day simple moving average of $38.90 and a 200 day simple moving average of $37.96.

First Trust Emerging Markets Small Cap AlphaDEX Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were paid a $0.1684 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.67 dividend on an annualized basis and a dividend yield of 1.72%.

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

A number of hedge funds have recently made changes to their positions in the stock. Morgan Stanley boosted its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 10.5% in the 3rd quarter. Morgan Stanley now owns 1,390,298 shares of the exchange traded fund’s stock valued at $53,471,000 after purchasing an additional 132,634 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 2.4% in the 4th quarter. Wells Fargo & Company MN now owns 873,996 shares of the exchange traded fund’s stock valued at $33,596,000 after purchasing an additional 20,625 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 4.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 532,425 shares of the exchange traded fund’s stock worth $20,477,000 after buying an additional 24,762 shares during the period. LPL Financial LLC grew its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 6.3% during the 3rd quarter. LPL Financial LLC now owns 385,597 shares of the exchange traded fund’s stock worth $14,830,000 after acquiring an additional 22,924 shares during the last quarter. Finally, Private Advisor Group LLC grew its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 33.5% during the 4th quarter. Private Advisor Group LLC now owns 277,650 shares of the exchange traded fund’s stock worth $10,673,000 after acquiring an additional 69,636 shares during the last quarter.

About First Trust Emerging Markets Small Cap AlphaDEX Fund

(Get Free Report)

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.

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