First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Short Interest Update

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 14,913 shares, an increase of 175.2% from the April 30th total of 5,418 shares. Based on an average trading volume of 37,913 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s stock are sold short.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Performance

Shares of First Trust Emerging Markets Small Cap AlphaDEX Fund stock opened at $46.92 on Monday. The stock has a market capitalization of $260.41 million, a PE ratio of 8.10 and a beta of 0.51. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 52-week low of $38.58 and a 52-week high of $49.49. The company has a 50-day simple moving average of $46.82 and a two-hundred day simple moving average of $45.13.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.3033 per share. This represents a $1.21 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. CWM LLC raised its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.5% during the fourth quarter. CWM LLC now owns 20,068 shares of the exchange traded fund’s stock valued at $845,000 after purchasing an additional 304 shares during the last quarter. Merit Financial Group LLC raised its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 6.7% during the fourth quarter. Merit Financial Group LLC now owns 5,248 shares of the exchange traded fund’s stock valued at $221,000 after purchasing an additional 330 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of 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. Geneos Wealth Management Inc. raised its holdings in shares of 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 valued at $43,000 after purchasing an additional 533 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 6.5% during the first quarter. Nations Financial Group Inc. IA ADV now owns 8,778 shares of the exchange traded fund’s stock valued at $400,000 after purchasing an additional 535 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.