Short Interest in First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Declines By 20.6%

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS - Get Free Report) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 30,400 shares, a drop of 20.6% from the April 30th total of 38,300 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 36,200 shares, the days-to-cover ratio is presently 0.8 days.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Performance

Shares of NASDAQ FEMS traded up $0.26 during trading on Thursday, hitting $39.93. The company had a trading volume of 5,017 shares, compared to its average volume of 34,912. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 52 week low of $32.31 and a 52 week high of $42.26. The company has a market cap of $253.56 million, a P/E ratio of 7.64 and a beta of 0.92. The business's 50-day moving average is $37.18 and its 200 day moving average is $37.76.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.0936 per share. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Thursday, March 27th.

Institutional Trading of First Trust Emerging Markets Small Cap AlphaDEX Fund

Several large investors have recently added to or reduced their stakes in FEMS. Integrated Wealth Concepts LLC boosted its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 25.6% during the first quarter. Integrated Wealth Concepts LLC now owns 113,951 shares of the exchange traded fund's stock worth $4,236,000 after purchasing an additional 23,261 shares in the last quarter. Royal Bank of Canada boosted its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 4.6% in the 1st quarter. Royal Bank of Canada now owns 96,673 shares of the exchange traded fund's stock valued at $3,593,000 after purchasing an additional 4,279 shares during the period. Flow Traders U.S. LLC bought a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund during the 1st quarter worth approximately $1,171,000. Steward Partners Investment Advisory LLC increased its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 2.5% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 232,813 shares of the exchange traded fund's stock worth $8,654,000 after purchasing an additional 5,788 shares in the last quarter. Finally, Trivium Point Advisory LLC increased its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 47.9% in the 1st quarter. Trivium Point Advisory LLC now owns 56,549 shares of the exchange traded fund's stock valued at $2,102,000 after acquiring an additional 18,321 shares during the period.

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.