Short Interest in First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Declines By 79.5%

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) saw a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 8,900 shares, a decrease of 79.5% from the October 31st total of 43,500 shares. Based on an average daily trading volume, of 35,400 shares, the short-interest ratio is presently 0.3 days.

First Trust Emerging Markets Small Cap AlphaDEX Fund Price Performance

Shares of FEMS traded up $0.16 during mid-day trading on Friday, hitting $39.01. 5,386 shares of the company’s stock were exchanged, compared to its average volume of 31,645. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 52 week low of $36.61 and a 52 week high of $42.57. The company has a market cap of $317.89 million, a PE ratio of 5.02 and a beta of 0.92. The company has a 50-day simple moving average of $39.46 and a 200 day simple moving average of $40.07.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.3413 dividend. The ex-dividend date was Thursday, September 26th. This represents a $1.37 annualized dividend and a yield of 3.50%.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC increased its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 417.7% in the first quarter. Jane Street Group LLC now owns 196,367 shares of the exchange traded fund’s stock valued at $7,601,000 after acquiring an additional 158,439 shares during the last quarter. Cetera Investment Advisers increased its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 195.8% during the 1st quarter. Cetera Investment Advisers now owns 173,610 shares of the exchange traded fund’s stock worth $6,720,000 after purchasing an additional 114,926 shares during the last quarter. Cornerstone Planning Group LLC increased its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 6.4% during the 3rd quarter. Cornerstone Planning Group LLC now owns 269,734 shares of the exchange traded fund’s stock worth $10,544,000 after purchasing an additional 16,197 shares during the last quarter. MML Investors Services LLC raised its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 42.2% during the 3rd quarter. MML Investors Services LLC now owns 53,429 shares of the exchange traded fund’s stock worth $2,195,000 after purchasing an additional 15,860 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 36.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 27,060 shares of the exchange traded fund’s stock valued at $1,098,000 after buying an additional 7,256 shares during the last quarter.

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.