First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Sees Significant Decline in Short Interest

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) saw a large decline in short interest in January. As of January 15th, there was short interest totalling 700 shares, a decline of 72.0% from the December 31st total of 2,500 shares. Based on an average trading volume of 38,700 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. World Equity Group Inc. increased its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 2.5% during the third quarter. World Equity Group Inc. now owns 18,703 shares of the exchange traded fund’s stock valued at $768,000 after acquiring an additional 458 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 36.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 27,060 shares of the exchange traded fund’s stock valued at $1,098,000 after purchasing an additional 7,256 shares in the last quarter. HBW Advisory Services LLC raised its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 11.0% during the third quarter. HBW Advisory Services LLC now owns 31,734 shares of the exchange traded fund’s stock worth $1,304,000 after buying an additional 3,134 shares during the last quarter. Flow Traders U.S. LLC raised its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 16.6% during the third quarter. Flow Traders U.S. LLC now owns 34,822 shares of the exchange traded fund’s stock worth $1,430,000 after buying an additional 4,950 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 9.3% in the third quarter. Stifel Financial Corp now owns 41,153 shares of the exchange traded fund’s stock valued at $1,690,000 after buying an additional 3,512 shares in the last quarter.

First Trust Emerging Markets Small Cap AlphaDEX Fund Price Performance

Shares of First Trust Emerging Markets Small Cap AlphaDEX Fund stock traded up $0.06 during trading on Wednesday, reaching $37.53. 21,642 shares of the company traded hands, compared to its average volume of 29,380. The firm has a market capitalization of $279.60 million, a PE ratio of 5.02 and a beta of 0.92. The company has a 50 day moving average price of $38.18 and a 200-day moving average price of $39.13. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 1-year low of $35.97 and a 1-year high of $42.57.

First Trust Emerging Markets Small Cap AlphaDEX Fund Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.4454 dividend. The ex-dividend date was Friday, December 13th.

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.