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 target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 16,939 shares, a growth of 190.3% from the June 30th total of 5,835 shares. Based on an average daily volume of 16,769 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.3% of the company’s shares are sold short.

Institutional Trading of First Trust Emerging Markets Small Cap AlphaDEX Fund

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

First Trust Emerging Markets Small Cap AlphaDEX Fund Trading Down 1.5%

NASDAQ FEMS opened at $43.37 on Wednesday. The stock’s 50-day moving average price is $45.85 and its two-hundred day moving average price is $46.10. The company has a market cap of $240.70 million, a PE ratio of 8.10 and a beta of 0.49. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 1 year low of $40.94 and a 1 year high of $49.49.

First Trust Emerging Markets Small Cap AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.445 per share. This is an increase 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 dividend yield of 4.1%. The ex-dividend date was Thursday, June 25th.

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.