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 May. As of May 31st, there was short interest totalling 18,500 shares, a growth of 460.6% from the May 15th total of 3,300 shares. Based on an average trading volume of 28,800 shares, the days-to-cover ratio is presently 0.6 days.

First Trust Emerging Markets Small Cap AlphaDEX Fund Price Performance

Shares of FEMS opened at $40.69 on Friday. The company has a market capitalization of $329.59 million, a P/E ratio of 5.02 and a beta of 0.92. First Trust Emerging Markets Small Cap AlphaDEX Fund has a one year low of $35.34 and a one year high of $42.57. The business’s 50 day simple moving average is $40.14 and its 200-day simple moving average is $38.87.

First Trust Emerging Markets Small Cap AlphaDEX Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a $0.1684 dividend. This represents a $0.67 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Thursday, March 21st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Cetera Advisors LLC boosted its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 21.2% in the 1st quarter. Cetera Advisors LLC now owns 37,830 shares of the exchange traded fund’s stock worth $1,464,000 after acquiring an additional 6,612 shares in the last quarter. Cetera Investment Advisers lifted its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 195.8% during the 1st quarter. Cetera Investment Advisers now owns 173,610 shares of the exchange traded fund’s stock worth $6,720,000 after buying an additional 114,926 shares in the last quarter. Jane Street Group LLC lifted 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 buying an additional 158,439 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 9.6% during the 1st quarter. Cornerstone Planning Group LLC now owns 236,577 shares of the exchange traded fund’s stock worth $9,546,000 after buying an additional 20,689 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.6% during the 1st quarter. Oppenheimer & Co. Inc. now owns 18,307 shares of the exchange traded fund’s stock worth $709,000 after buying an additional 281 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.