First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Sees Significant Growth in Short Interest
by Jessica Moore · The Cerbat GemFirst Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS – Get Free Report) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totaling 6,730 shares, an increase of 126.8% from the March 31st total of 2,968 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 37,023 shares, the short-interest ratio is presently 0.2 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of FEMS. Crusonia Wealth Advisors LLC bought a new position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund in the 4th quarter valued at about $2,481,000. Flow Traders U.S. LLC bought a new position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund in the 3rd quarter valued at about $2,427,000. VestGen Advisors LLC grew its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 64.6% in the 4th quarter. VestGen Advisors LLC now owns 71,601 shares of the exchange traded fund’s stock valued at $3,014,000 after acquiring an additional 28,091 shares during the period. Citadel Advisors LLC bought a new position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund in the 3rd quarter valued at about $562,000. Finally, Private Advisor Group LLC grew its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 9.4% in the 4th quarter. Private Advisor Group LLC now owns 121,988 shares of the exchange traded fund’s stock valued at $5,135,000 after acquiring an additional 10,472 shares during the period.
First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Performance
First Trust Emerging Markets Small Cap AlphaDEX Fund stock traded down $0.11 during mid-day trading on Friday, reaching $47.47. The company’s stock had a trading volume of 26,883 shares, compared to its average volume of 26,740. The business’s 50 day simple moving average is $46.31 and its 200 day simple moving average is $44.32. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 12 month low of $36.42 and a 12 month high of $49.28. The company has a market capitalization of $263.46 million, a price-to-earnings ratio of 8.10 and a beta of 0.52.
First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.3033 dividend. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Thursday, March 26th.
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.