First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Short Interest Up 20.3% in March

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) was the target of a significant increase in short interest in March. As of March 31st, there was short interest totalling 41,500 shares, an increase of 20.3% from the March 15th total of 34,500 shares. Based on an average daily trading volume, of 48,600 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the company’s shares are short sold.

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

Large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC lifted its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 2.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 11,701 shares of the exchange traded fund’s stock worth $435,000 after acquiring an additional 324 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 19,420 shares of the exchange traded fund’s stock valued at $733,000 after purchasing an additional 331 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 4.1% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 10,297 shares of the exchange traded fund’s stock valued at $389,000 after buying an additional 405 shares during the period. 626 Financial LLC increased its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 0.6% during the 4th quarter. 626 Financial LLC now owns 144,845 shares of the exchange traded fund’s stock worth $5,464,000 after buying an additional 832 shares during the last quarter. Finally, Quad Cities Investment Group LLC raised its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 2.3% in the 4th quarter. Quad Cities Investment Group LLC now owns 43,327 shares of the exchange traded fund’s stock worth $1,635,000 after buying an additional 980 shares during the period.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Performance

Shares of FEMS opened at $36.34 on Wednesday. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 1 year low of $32.31 and a 1 year high of $42.57. The company’s 50 day simple moving average is $36.94 and its 200 day simple moving average is $37.94. The company has a market capitalization of $236.18 million, a price-to-earnings ratio of 7.92 and a beta of 0.92.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a $0.0936 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.37 annualized dividend and a yield of 1.03%.

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.