First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Sees Large Growth in Short Interest

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 16,939 shares, an increase of 190.3% from the June 30th total of 5,835 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 16,769 shares, the short-interest ratio is presently 1.0 days.

First Trust Emerging Markets Small Cap AlphaDEX Fund Price Performance

NASDAQ:FEMS traded down $0.34 during trading hours on Tuesday, reaching $43.70. 18,408 shares of the company were exchanged, compared to its average volume of 29,994. The business has a 50 day moving average of $45.90 and a 200 day moving average of $46.10. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 1-year low of $40.94 and a 1-year high of $49.49. The company has a market capitalization of $242.54 million, a P/E ratio of 8.10 and a beta of 0.49.

First Trust Emerging Markets Small Cap AlphaDEX Fund Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.78 annualized dividend and a dividend yield of 4.1%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC grew its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 4.9% during the first quarter. NewEdge Advisors LLC now owns 81,963 shares of the exchange traded fund’s stock worth $3,734,000 after buying an additional 3,817 shares in the last quarter. Royal Bank of Canada boosted its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 7.4% during the 1st quarter. Royal Bank of Canada now owns 52,484 shares of the exchange traded fund’s stock worth $2,391,000 after acquiring an additional 3,598 shares in the last quarter. Cetera Investment Advisers increased its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 6.0% in the first quarter. Cetera Investment Advisers now owns 74,175 shares of the exchange traded fund’s stock valued at $3,379,000 after acquiring an additional 4,180 shares during the last quarter. Archer Investment Corp raised its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.1% during the first quarter. Archer Investment Corp now owns 69,100 shares of the exchange traded fund’s stock valued at $3,148,000 after purchasing an additional 763 shares in the last quarter. Finally, HBW Advisory Services LLC lifted its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 22.5% during the first quarter. HBW Advisory Services LLC now owns 51,240 shares of the exchange traded fund’s stock worth $2,334,000 after purchasing an additional 9,402 shares during the last quarter.

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.