First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Short Interest Down 68.8% in June

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 1,838 shares, a decline of 68.8% from the May 31st total of 5,888 shares. Based on an average daily trading volume, of 40,647 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On First Trust Emerging Markets Small Cap AlphaDEX Fund

A number of hedge funds have recently bought and sold shares of FEMS. Baird Financial Group Inc. lifted its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 2.5% in the 2nd quarter. Baird Financial Group Inc. now owns 30,783 shares of the exchange traded fund’s stock valued at $1,250,000 after purchasing an additional 739 shares during the period. Citadel Advisors LLC acquired a new position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund during the 3rd quarter valued at $562,000. Royal Bank of Canada increased its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 7.4% in the first quarter. Royal Bank of Canada now owns 52,484 shares of the exchange traded fund’s stock valued at $2,391,000 after purchasing an additional 3,598 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 4.9% during the 1st quarter. NewEdge Advisors LLC now owns 81,963 shares of the exchange traded fund’s stock worth $3,734,000 after purchasing an additional 3,817 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 6.0% during the 1st quarter. Cetera Investment Advisers now owns 74,175 shares of the exchange traded fund’s stock worth $3,379,000 after buying an additional 4,180 shares during the period.

First Trust Emerging Markets Small Cap AlphaDEX Fund Price Performance

FEMS stock traded down $0.09 during midday trading on Friday, reaching $45.01. The company had a trading volume of 9,497 shares, compared to its average volume of 31,442. The company has a market capitalization of $249.81 million, a price-to-earnings ratio of 8.10 and a beta of 0.49. The stock has a 50 day moving average price of $47.01 and a 200-day moving average price of $45.64. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 1-year low of $39.79 and a 1-year high of $49.49.

First Trust Emerging Markets Small Cap AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be issued a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 4.0%. This is an increase from First Trust Emerging Markets Small Cap AlphaDEX Fund’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, June 25th.

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.