Short Interest in First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Grows By 257.1%

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 2,500 shares, an increase of 257.1% from the November 30th total of 700 shares. Based on an average daily trading volume, of 37,100 shares, the days-to-cover ratio is currently 0.1 days.

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

Several institutional investors and hedge funds have recently modified their holdings of FEMS. Cambridge Investment Research Advisors Inc. increased its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 0.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 67,245 shares of the exchange traded fund’s stock worth $2,729,000 after buying an additional 523 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund during the 2nd quarter valued at about $45,000. Archer Investment Corp raised its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 0.8% in the 2nd quarter. Archer Investment Corp now owns 65,914 shares of the exchange traded fund’s stock valued at $2,675,000 after acquiring an additional 544 shares in the last quarter. AllGen Financial Advisors Inc. lifted its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 7.8% in the 2nd quarter. AllGen Financial Advisors Inc. now owns 63,510 shares of the exchange traded fund’s stock worth $2,578,000 after purchasing an additional 4,620 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 36.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 27,060 shares of the exchange traded fund’s stock valued at $1,098,000 after purchasing an additional 7,256 shares during the last quarter.

First Trust Emerging Markets Small Cap AlphaDEX Fund Price Performance

NASDAQ:FEMS traded up $0.01 during mid-day trading on Friday, reaching $38.14. The stock had a trading volume of 29,231 shares, compared to its average volume of 31,915. The stock has a market cap of $310.84 million, a P/E ratio of 5.02 and a beta of 0.92. The business’s 50 day moving average is $38.97 and its 200 day moving average is $39.75. First Trust Emerging Markets Small Cap AlphaDEX Fund has a fifty-two week low of $36.69 and a fifty-two week high of $42.57.

First Trust Emerging Markets Small Cap AlphaDEX Fund Announces Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.4454 per share. The ex-dividend date of this dividend is Friday, December 13th.

About First Trust Emerging Markets Small Cap AlphaDEX Fund

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.