Short Interest in First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Expands By 175.2%

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 14,913 shares, a growth 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. Currently, 0.3% of the shares of the company are short sold.

First Trust Emerging Markets Small Cap AlphaDEX Fund Price Performance

Shares of NASDAQ:FEMS traded down $0.21 on Friday, reaching $46.92. The company’s stock had a trading volume of 33,275 shares, compared to its average volume of 30,286. The stock’s 50-day moving average is $46.82 and its two-hundred day moving average is $45.11. 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 stock has a market capitalization of $260.41 million, a P/E ratio of 8.10 and a beta of 0.51.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FEMS. Royal Bank of Canada increased its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 4.6% in the first quarter. Royal Bank of Canada now owns 96,673 shares of the exchange traded fund’s stock valued at $3,593,000 after buying an additional 4,279 shares in the last quarter. Baird Financial Group Inc. increased its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 2.5% in the second quarter. Baird Financial Group Inc. now owns 30,783 shares of the exchange traded fund’s stock valued at $1,250,000 after buying an additional 739 shares in the last quarter. Jane Street Group LLC increased its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 21.8% in the second quarter. Jane Street Group LLC now owns 31,172 shares of the exchange traded fund’s stock valued at $1,266,000 after buying an additional 5,576 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,066 shares of the exchange traded fund’s stock valued at $43,000 after buying an additional 533 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.9% in the third quarter. Envestnet Asset Management Inc. now owns 84,840 shares of the exchange traded fund’s stock valued at $3,748,000 after buying an additional 1,603 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.