First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Sees Significant Decrease in Short Interest

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 16,133 shares, a drop of 68.2% from the August 31st total of 50,737 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 48,643 shares, the short-interest ratio is presently 0.3 days.

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

Large investors have recently bought and sold shares of the stock. Nations Financial Group Inc. IA ADV lifted its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 6.5% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 8,778 shares of the exchange traded fund’s stock valued at $400,000 after acquiring an additional 535 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 7.2% during the first quarter. Janney Montgomery Scott LLC now owns 10,626 shares of the exchange traded fund’s stock valued at $484,000 after buying an additional 710 shares in the last quarter. Archer Investment Corp grew its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.1% during the first quarter. Archer Investment Corp now owns 69,100 shares of the exchange traded fund’s stock valued at $3,148,000 after buying an additional 763 shares in the last quarter. Fifth Third Bancorp acquired a new position in First Trust Emerging Markets Small Cap AlphaDEX Fund during the first quarter valued at $41,000. Finally, MCF Advisors LLC purchased a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund in the 2nd quarter worth about $64,000.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Performance

NASDAQ FEMS traded up $0.06 during mid-day trading on Tuesday, reaching $44.27. 19,390 shares of the stock were exchanged, compared to its average volume of 35,845. The stock has a market capitalization of $216.90 million, a PE ratio of 8.10 and a beta of 0.51. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 1-year low of $40.94 and a 1-year high of $49.49. The business’s fifty day simple moving average is $45.55 and its 200 day simple moving average is $46.06.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th will be issued a dividend of $0.3986 per share. This represents a $1.59 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Thursday, September 24th. This is a decrease from First Trust Emerging Markets Small Cap AlphaDEX Fund’s previous quarterly dividend of $0.4450.

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.