First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS – Get Rating) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totalling 118,200 shares, a drop of 10.3% from the December 31st total of 131,800 shares. Based on an average daily trading volume, of 66,300 shares, the days-to-cover ratio is presently 1.8 days.
First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Performance
Shares of FEMS traded up $0.35 during midday trading on Tuesday, hitting $40.06. The company had a trading volume of 116,947 shares, compared to its average volume of 127,562. The company's 50-day simple moving average is $38.73 and its 200-day simple moving average is $35.99. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 1 year low of $31.29 and a 1 year high of $42.05.
Get First Trust Emerging Markets Small Cap AlphaDEX Fund alerts: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. Shareholders of record on Tuesday, December 27th were given a dividend of $0.092 per share. This represents a $0.37 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Friday, December 23rd.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in FEMS. Wealthsource Partners LLC increased its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 11.9% in the third quarter. Wealthsource Partners LLC now owns 63,720 shares of the exchange traded fund's stock valued at $2,033,000 after purchasing an additional 6,780 shares during the period. MML Investors Services LLC increased its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 2.1% in the third quarter. MML Investors Services LLC now owns 15,171 shares of the exchange traded fund's stock valued at $484,000 after purchasing an additional 306 shares during the period. Raymond James & Associates boosted its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.6% in the third quarter. Raymond James & Associates now owns 31,875 shares of the exchange traded fund's stock valued at $1,017,000 after buying an additional 509 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 10.3% in the third quarter. Janney Montgomery Scott LLC now owns 9,352 shares of the exchange traded fund's stock valued at $298,000 after buying an additional 875 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 5.7% in the third quarter. Arkadios Wealth Advisors now owns 17,317 shares of the exchange traded fund's stock valued at $552,000 after buying an additional 936 shares in the last quarter.Featured Stories
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