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

by · The Cerbat Gem

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS – Get Free Report) was the target of a significant growth in short interest during the month of 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. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 37,913 shares, the days-to-cover ratio is currently 0.4 days.

First Trust Emerging Markets Small Cap AlphaDEX Fund Trading Down 0.4%

Shares of FEMS stock traded down $0.21 during trading hours on Friday, hitting $46.92. The company’s stock had a trading volume of 33,275 shares, compared to its average volume of 30,286. The business has a fifty day moving average of $46.82 and a 200-day moving average of $45.11. The stock has a market cap of $260.41 million, a price-to-earnings ratio of 8.10 and a beta of 0.51. First Trust Emerging Markets Small Cap AlphaDEX Fund has a twelve month low of $38.58 and a twelve month high of $49.49.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

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

Institutional Trading of First Trust Emerging Markets Small Cap AlphaDEX Fund

Several large investors have recently modified their holdings of FEMS. Beta Wealth Group Inc. boosted its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 4.3% during the third quarter. Beta Wealth Group Inc. now owns 201,734 shares of the exchange traded fund’s stock worth $8,913,000 after acquiring an additional 8,381 shares during the last quarter. 626 Financial LLC boosted its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 2.8% during the fourth quarter. 626 Financial LLC now owns 164,705 shares of the exchange traded fund’s stock worth $6,933,000 after acquiring an additional 4,549 shares during the last quarter. Arax Advisory Partners boosted its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.3% during the fourth quarter. Arax Advisory Partners now owns 130,988 shares of the exchange traded fund’s stock worth $5,514,000 after acquiring an additional 1,724 shares during the last quarter. Private Advisor Group LLC raised its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 9.4% during the fourth quarter. Private Advisor Group LLC now owns 121,988 shares of the exchange traded fund’s stock worth $5,135,000 after purchasing an additional 10,472 shares during the period. Finally, Integrated Wealth Concepts LLC raised its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 0.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 119,447 shares of the exchange traded fund’s stock valued at $5,277,000 after acquiring an additional 492 shares during the period.

First Trust Emerging Markets Small Cap AlphaDEX Fund Company Profile

(Get Free Report)

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.

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