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

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 5,888 shares, a drop of 60.5% from the May 14th total of 14,913 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 45,056 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Crusonia Wealth Advisors LLC acquired a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund during the fourth quarter worth approximately $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 third quarter valued at approximately $2,427,000. VestGen Advisors LLC raised its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 64.6% in the fourth quarter. VestGen Advisors LLC now owns 71,601 shares of the exchange traded fund’s stock valued at $3,014,000 after purchasing 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 third quarter valued at approximately $562,000. Finally, Private Advisor Group LLC raised its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 9.4% in the fourth quarter. Private Advisor Group LLC now owns 121,988 shares of the exchange traded fund’s stock valued at $5,135,000 after purchasing an additional 10,472 shares during the period.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Up 0.2%

First Trust Emerging Markets Small Cap AlphaDEX Fund stock traded up $0.08 during trading hours on Friday, hitting $46.25. 9,684 shares of the company traded hands, compared to its average volume of 31,339. The firm’s 50-day simple moving average is $47.10 and its two-hundred day simple moving average is $45.39. The firm has a market cap of $256.69 million, a P/E ratio of 8.10 and a beta of 0.49. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 1-year low of $39.07 and a 1-year high of $49.49.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

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

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.