First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Short Interest Up 217.5% in June

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 5,835 shares, a growth of 217.5% from the June 15th total of 1,838 shares. Based on an average trading volume of 29,462 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Down 2.5%

Shares of FEMS traded down $1.19 during trading hours on Monday, reaching $45.30. The company’s stock had a trading volume of 2,781 shares, compared to its average volume of 30,318. The firm has a market cap of $251.44 million, a price-to-earnings ratio of 8.10 and a beta of 0.49. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 1-year low of $39.91 and a 1-year high of $49.49. The company has a 50 day moving average of $46.55 and a two-hundred day moving average of $45.90.

First Trust Emerging Markets Small Cap AlphaDEX Fund Increases Dividend

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FEMS. 626 Financial LLC lifted its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 2.8% in the 4th quarter. 626 Financial LLC now owns 164,705 shares of the exchange traded fund’s stock worth $6,933,000 after buying an additional 4,549 shares in the last quarter. Arax Advisory Partners raised its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.3% during the fourth quarter. Arax Advisory Partners now owns 130,988 shares of the exchange traded fund’s stock worth $5,514,000 after acquiring an additional 1,724 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 9.4% during the fourth quarter. Private Advisor Group LLC now owns 121,988 shares of the exchange traded fund’s stock worth $5,135,000 after acquiring an additional 10,472 shares in 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 valued at $5,277,000 after purchasing an additional 492 shares during the last quarter. Finally, Royal Bank of Canada grew its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 4.6% in the first quarter. Royal Bank of Canada now owns 96,673 shares of the exchange traded fund’s stock valued at $3,593,000 after purchasing an additional 4,279 shares in the last quarter.

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.