First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Sees Significant Decrease in Short Interest

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

Institutional Trading of First Trust Emerging Markets Small Cap AlphaDEX Fund

A number of hedge funds have recently modified their holdings of FEMS. Fifth Third Bancorp bought a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund during the first quarter valued at approximately $41,000. Geneos Wealth Management Inc. lifted its position 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 worth $43,000 after purchasing an additional 533 shares during the period. Kestra Advisory Services LLC bought a new position in First Trust Emerging Markets Small Cap AlphaDEX Fund in the fourth quarter worth $68,000. Sankala Group LLC acquired a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund during the fourth quarter worth $93,000. Finally, Stonehaven Wealth & Tax Solutions LLC bought a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund in the 4th quarter valued at $206,000.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Performance

Shares of NASDAQ:FEMS traded up $0.20 on Tuesday, hitting $45.67. 8,933 shares of the company were exchanged, compared to its average volume of 31,106. The company’s 50 day moving average price is $46.95 and its two-hundred day moving average price is $45.68. The firm has a market capitalization of $253.47 million, a price-to-earnings ratio of 8.10 and a beta of 0.49. First Trust Emerging Markets Small Cap AlphaDEX Fund has a one year low of $39.91 and a one year high of $49.49.

First Trust Emerging Markets Small Cap AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be paid a dividend of $0.445 per share. 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 annualized dividend and a yield of 3.9%. The ex-dividend date is Thursday, June 25th.

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.