First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS – Get Rating) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 95,400 shares, a growth of 89.3% from the February 13th total of 50,400 shares. Based on an average daily volume of 127,700 shares, the days-to-cover ratio is presently 0.7 days.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in FEMS. Belpointe Asset Management LLC acquired a new position in First Trust Emerging Markets Small Cap AlphaDEX Fund during the fourth quarter valued at $53,000. OLD Mission Capital LLC bought a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund in the 4th quarter worth approximately $248,000. Flow Traders U.S. LLC acquired a new position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund in the 1st quarter worth approximately $271,000. Janney Montgomery Scott LLC raised its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 10.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 9,352 shares of the exchange traded fund's stock worth $298,000 after buying an additional 875 shares in the last quarter. Finally, Resources Investment Advisors LLC. acquired a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund during the 4th quarter valued at $354,000.
Get First Trust Emerging Markets Small Cap AlphaDEX Fund alerts:First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Down 0.8 %
Shares of FEMS traded down $0.32 during trading hours on Friday, reaching $38.21. 98,311 shares of the company traded hands, compared to its average volume of 149,032. The stock has a fifty day simple moving average of $38.98 and a 200 day simple moving average of $36.81. First Trust Emerging Markets Small Cap AlphaDEX Fund has a fifty-two week low of $31.29 and a fifty-two week high of $42.05. The stock has a market capitalization of $210.16 million, a PE ratio of 5.29 and a beta of 0.96.
First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Tuesday, December 27th were issued a $0.092 dividend. The ex-dividend date was Friday, December 23rd. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.96%.
First Trust Emerging Markets Small Cap AlphaDEX Fund Company Profile
(Get Rating)
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.
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