Short Interest in First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Declines By 75.5%

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 923 shares, a drop of 75.5% from the November 30th total of 3,771 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 11,264 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 11,264 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. CWM LLC raised its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.3% during the 2nd quarter. CWM LLC now owns 19,529 shares of the exchange traded fund’s stock valued at $793,000 after acquiring an additional 247 shares during the last quarter. Quad Cities Investment Group LLC increased its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 0.8% in the second quarter. Quad Cities Investment Group LLC now owns 45,376 shares of the exchange traded fund’s stock valued at $1,843,000 after purchasing an additional 382 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 0.4% in 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. Private Trust Co. NA boosted its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 9.4% during the second quarter. Private Trust Co. NA now owns 5,935 shares of the exchange traded fund’s stock worth $241,000 after buying an additional 508 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 100.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,066 shares of the exchange traded fund’s stock worth $43,000 after buying an additional 533 shares during the last quarter.

First Trust Emerging Markets Small Cap AlphaDEX Fund Price Performance

Shares of FEMS traded down $0.23 on Thursday, reaching $42.07. 3,881 shares of the stock traded hands, compared to its average volume of 29,362. The stock’s 50-day moving average price is $42.33 and its 200-day moving average price is $42.34. The firm has a market cap of $260.80 million, a price-to-earnings ratio of 8.10 and a beta of 0.63. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 12 month low of $32.31 and a 12 month high of $45.10.

First Trust Emerging Markets Small Cap AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be paid a $0.6494 dividend. This is a boost from First Trust Emerging Markets Small Cap AlphaDEX Fund’s previous quarterly dividend of $0.53. This represents a $2.60 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, December 12th.

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.