Short Interest in First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Decreases By 68.8%

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 1,838 shares, a decrease of 68.8% from the May 31st total of 5,888 shares. Based on an average trading volume of 40,647 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

First Trust Emerging Markets Small Cap AlphaDEX Fund Price Performance

FEMS stock traded down $0.09 during trading hours on Friday, reaching $45.01. The stock had a trading volume of 9,497 shares, compared to its average volume of 31,442. The stock has a 50-day simple moving average of $47.01 and a 200 day simple moving average of $45.64. First Trust Emerging Markets Small Cap AlphaDEX Fund has a fifty-two week low of $39.79 and a fifty-two week high of $49.49. The stock has a market capitalization of $249.81 million, a PE ratio of 8.10 and a beta of 0.49.

First Trust Emerging Markets Small Cap AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be paid a $0.445 dividend. This is an increase from First Trust Emerging Markets Small Cap AlphaDEX Fund’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, June 25th. This represents a $1.78 annualized dividend and a yield of 4.0%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC raised its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 4.9% in the first quarter. NewEdge Advisors LLC now owns 81,963 shares of the exchange traded fund’s stock valued at $3,734,000 after purchasing an additional 3,817 shares during the period. Royal Bank of Canada grew its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 7.4% in the first quarter. Royal Bank of Canada now owns 52,484 shares of the exchange traded fund’s stock valued at $2,391,000 after purchasing an additional 3,598 shares during the last quarter. Cetera Investment Advisers grew its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 6.0% in the 1st quarter. Cetera Investment Advisers now owns 74,175 shares of the exchange traded fund’s stock valued at $3,379,000 after buying an additional 4,180 shares in the last quarter. Archer Investment Corp increased its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.1% during the 1st quarter. Archer Investment Corp now owns 69,100 shares of the exchange traded fund’s stock worth $3,148,000 after buying an additional 763 shares during the period. Finally, HBW Advisory Services LLC grew its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 22.5% in the first quarter. HBW Advisory Services LLC now owns 51,240 shares of the exchange traded fund’s stock valued at $2,334,000 after acquiring an additional 9,402 shares in the last quarter.

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.