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 target of a significant decrease in short interest in August. As of August 15th, there was short interest totalling 7,100 shares, a decrease of 72.7% from the July 31st total of 26,000 shares. Based on an average daily volume of 25,000 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Emerging Markets Small Cap AlphaDEX Fund Trading Up 0.7 %

FEMS traded up $0.27 during trading on Tuesday, reaching $39.85. The stock had a trading volume of 29,093 shares, compared to its average volume of 30,450. The stock’s 50 day moving average is $40.49 and its two-hundred day moving average is $39.92. The company has a market capitalization of $324.74 million, a price-to-earnings ratio of 5.02 and a beta of 0.92. First Trust Emerging Markets Small Cap AlphaDEX Fund has a one year low of $35.34 and a one year high of $42.57.

First Trust Emerging Markets Small Cap AlphaDEX Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a dividend of $0.5415 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $2.17 annualized dividend and a dividend yield of 5.44%.

Hedge Funds Weigh In On First Trust Emerging Markets Small Cap AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of FEMS. International Assets Investment Management LLC bought a new position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund during the second quarter valued at $45,000. Principal Securities Inc. bought a new position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund during the fourth quarter valued at $168,000. Destiny Wealth Partners LLC bought a new position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund during the first quarter valued at $204,000. Nations Financial Group Inc. IA ADV boosted its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 10.8% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 11,492 shares of the exchange traded fund’s stock valued at $442,000 after buying an additional 1,122 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.6% during the first quarter. Oppenheimer & Co. Inc. now owns 18,307 shares of the exchange traded fund’s stock valued at $709,000 after buying an additional 281 shares during the last quarter.

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.