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

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 50,737 shares, a drop of 60.2% from the August 15th total of 127,536 shares. Approximately 0.9% of the company’s stock are sold short. Based on an average daily volume of 109,348 shares, the days-to-cover ratio is presently 0.5 days.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Down 0.5%

NASDAQ:FEMS opened at $46.19 on Friday. First Trust Emerging Markets Small Cap AlphaDEX Fund has a twelve month low of $40.94 and a twelve month high of $49.49. The firm has a market capitalization of $256.35 million, a price-to-earnings ratio of 8.10 and a beta of 0.51. The stock’s 50 day moving average price is $45.64 and its two-hundred day moving average price is $46.17.

First Trust Emerging Markets Small Cap AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.445 per share. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Emerging Markets Small Cap AlphaDEX Fund’s previous quarterly dividend of $0.30. This represents a $1.78 dividend on an annualized basis and a yield of 3.9%.

Institutional Trading of First Trust Emerging Markets Small Cap AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FEMS. Fifth Third Bancorp acquired a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund in the first quarter valued at $41,000. Geneos Wealth Management Inc. increased its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,066 shares of the exchange traded fund’s stock worth $43,000 after purchasing an additional 533 shares during the last quarter. MCF Advisors LLC acquired a new position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund during the 2nd quarter worth about $64,000. Kestra Advisory Services LLC bought a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund in the 4th quarter valued at about $68,000. Finally, Sankala Group LLC bought a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund in the 4th quarter valued at about $93,000.

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.