Short Interest in First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Drops By 60.5%

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 5,888 shares, a decrease of 60.5% from the May 14th total of 14,913 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 45,056 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of First Trust Emerging Markets Small Cap AlphaDEX Fund

Several large investors have recently made changes to their positions in FEMS. Royal Bank of Canada boosted its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 4.6% in the 1st quarter. Royal Bank of Canada now owns 96,673 shares of the exchange traded fund’s stock valued at $3,593,000 after acquiring an additional 4,279 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 2.5% during the second quarter. Baird Financial Group Inc. now owns 30,783 shares of the exchange traded fund’s stock worth $1,250,000 after buying an additional 739 shares in the last quarter. Jane Street Group LLC boosted its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 21.8% during the second quarter. Jane Street Group LLC now owns 31,172 shares of the exchange traded fund’s stock worth $1,266,000 after buying an additional 5,576 shares in the last quarter. 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 in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.9% during the third quarter. Envestnet Asset Management Inc. now owns 84,840 shares of the exchange traded fund’s stock worth $3,748,000 after buying an additional 1,603 shares in the last quarter.

First Trust Emerging Markets Small Cap AlphaDEX Fund Trading Up 0.2%

Shares of FEMS stock traded up $0.08 during trading hours on Friday, hitting $46.25. The company’s stock had a trading volume of 9,684 shares, compared to its average volume of 31,339. The company has a 50 day moving average of $47.10 and a 200 day moving average of $45.39. The stock has a market cap of $256.69 million, a PE ratio of 8.10 and a beta of 0.49. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 12-month low of $39.07 and a 12-month high of $49.49.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.3033 dividend. 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.

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.