Short Interest in First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Drops By 60.5%

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 5,888 shares, a decline of 60.5% from the May 14th total of 14,913 shares. Based on an average daily volume of 45,056 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of First Trust Emerging Markets Small Cap AlphaDEX Fund

Institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp acquired a new position in First Trust Emerging Markets Small Cap AlphaDEX Fund during the 1st quarter valued at about $41,000. Geneos Wealth Management Inc. increased its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,066 shares of the exchange traded fund’s stock valued at $43,000 after buying an additional 533 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in First Trust Emerging Markets Small Cap AlphaDEX Fund during the 4th quarter valued at about $68,000. Sankala Group LLC acquired a new position in First Trust Emerging Markets Small Cap AlphaDEX Fund during the 4th quarter valued at about $93,000. Finally, Stonehaven Wealth & Tax Solutions LLC acquired a new position in First Trust Emerging Markets Small Cap AlphaDEX Fund during the 4th quarter valued at about $206,000.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Up 0.2%

Shares of First Trust Emerging Markets Small Cap AlphaDEX Fund stock traded up $0.08 on Friday, reaching $46.25. The stock had a trading volume of 9,684 shares, compared to its average volume of 31,339. The company has a 50 day moving average price of $47.10 and a 200 day moving average price of $45.39. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 1 year low of $39.07 and a 1 year high of $49.49. The stock has a market capitalization of $256.69 million, a P/E ratio of 8.10 and a beta of 0.49.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.3033 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.21 dividend on an annualized basis and a dividend 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.