First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Short Interest Down 60.2% in August

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 50,737 shares, a decrease of 60.2% from the August 15th total of 127,536 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average daily volume of 109,348 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On First Trust Emerging Markets Small Cap AlphaDEX Fund

Several institutional investors and hedge funds have recently made changes to their positions in FEMS. Baird Financial Group Inc. grew its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 68.4% during the 2nd quarter. Baird Financial Group Inc. now owns 68,862 shares of the exchange traded fund’s stock worth $3,144,000 after acquiring an additional 27,974 shares during the period. HBW Advisory Services LLC grew its position 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 buying an additional 9,402 shares in the last quarter. 626 Financial LLC increased its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 2.8% in the 4th 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. Cetera Investment Advisers increased its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 6.0% in the 1st quarter. Cetera Investment Advisers now owns 74,175 shares of the exchange traded fund’s stock worth $3,379,000 after acquiring an additional 4,180 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 4.9% in the 1st quarter. NewEdge Advisors LLC now owns 81,963 shares of the exchange traded fund’s stock valued at $3,734,000 after acquiring an additional 3,817 shares in the last quarter.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Performance

Shares of NASDAQ FEMS traded down $0.72 during midday trading on Monday, reaching $45.47. The stock had a trading volume of 7,580 shares, compared to its average volume of 36,173. The company’s 50 day moving average price is $45.64 and its 200 day moving average price is $46.17. First Trust Emerging Markets Small Cap AlphaDEX Fund has a twelve month low of $40.94 and a twelve month high of $49.49. The firm has a market cap of $230.05 million, a price-to-earnings ratio of 8.10 and a beta of 0.51.

First Trust Emerging Markets Small Cap AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.445 dividend. This is a boost 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 3.9%.

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.