First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Short Interest Down 80.4% in June

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totalling 2,100 shares, a drop of 80.4% from the June 15th total of 10,700 shares. Based on an average daily volume of 26,300 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Emerging Markets Small Cap AlphaDEX Fund Trading Up 1.0 %

FEMS traded up $0.41 during trading on Thursday, hitting $41.94. The company’s stock had a trading volume of 34,266 shares, compared to its average volume of 31,729. The firm has a market capitalization of $341.81 million, a price-to-earnings ratio of 5.02 and a beta of 0.92. First Trust Emerging Markets Small Cap AlphaDEX Fund has a twelve month low of $35.34 and a twelve month high of $42.57. The business’s fifty day simple moving average is $40.96 and its 200 day simple moving average is $39.35.

First Trust Emerging Markets Small Cap AlphaDEX Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a $0.5415 dividend. The ex-dividend date was Thursday, June 27th. This represents a $2.17 annualized dividend and a dividend yield of 5.16%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FEMS. Jane Street Group LLC increased its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 417.7% during the 1st quarter. Jane Street Group LLC now owns 196,367 shares of the exchange traded fund’s stock worth $7,601,000 after purchasing an additional 158,439 shares during the period. Cetera Investment Advisers lifted its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 195.8% during the first quarter. Cetera Investment Advisers now owns 173,610 shares of the exchange traded fund’s stock worth $6,720,000 after purchasing an additional 114,926 shares during the period. Private Advisor Group LLC lifted its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 33.5% in the 4th quarter. Private Advisor Group LLC now owns 277,650 shares of the exchange traded fund’s stock worth $10,673,000 after acquiring an additional 69,636 shares during the period. International Assets Investment Management LLC purchased a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund in the 4th quarter valued at approximately $2,200,000. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 4.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 547,864 shares of the exchange traded fund’s stock worth $21,208,000 after acquiring an additional 22,295 shares during the period.

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.