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 - Get Free Report) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 41,500 shares, a growth of 20.3% from the March 15th total of 34,500 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 48,600 shares, the days-to-cover ratio is currently 0.9 days.

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

Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund in the 4th quarter worth $21,068,000. OLD Mission Capital LLC lifted its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 348.1% in the fourth quarter. OLD Mission Capital LLC now owns 138,717 shares of the exchange traded fund's stock valued at $5,233,000 after acquiring an additional 107,760 shares during the period. SRS Capital Advisors Inc. purchased a new position in First Trust Emerging Markets Small Cap AlphaDEX Fund in the fourth quarter worth about $2,995,000. Independent Advisor Alliance purchased a new position in First Trust Emerging Markets Small Cap AlphaDEX Fund in the fourth quarter worth about $2,802,000. Finally, Merit Financial Group LLC increased its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 564.1% during the 4th quarter. Merit Financial Group LLC now owns 82,130 shares of the exchange traded fund's stock valued at $3,098,000 after purchasing an additional 69,762 shares during the last quarter.

First Trust Emerging Markets Small Cap AlphaDEX Fund Trading Down 0.1 %

NASDAQ:FEMS traded down $0.02 during mid-day trading on Friday, reaching $36.92. The company's stock had a trading volume of 10,262 shares, compared to its average volume of 34,910. The firm's fifty day moving average price is $36.84 and its two-hundred day moving average price is $37.88. The stock has a market cap of $234.44 million, a P/E ratio of 7.92 and a beta of 0.92. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 12-month low of $32.31 and a 12-month high of $42.57.

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. Investors of record on Thursday, March 27th were given a dividend of $0.0936 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.37 dividend on an annualized basis and a yield of 1.01%.

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.