First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Short Interest Update

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) was the recipient of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 8,900 shares, a drop 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.

Institutional Trading of First Trust Emerging Markets Small Cap AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FEMS. International Assets Investment Management LLC bought a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund during the 2nd quarter valued at $45,000. World Equity Group Inc. grew its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 2.5% during the third quarter. World Equity Group Inc. now owns 18,703 shares of the exchange traded fund’s stock worth $768,000 after purchasing an additional 458 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 36.6% in 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. HBW Advisory Services LLC lifted its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 15.9% in the second quarter. HBW Advisory Services LLC now owns 28,600 shares of the exchange traded fund’s stock valued at $1,161,000 after buying an additional 3,927 shares during the period. Finally, Flow Traders U.S. LLC boosted its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 16.6% during the third quarter. Flow Traders U.S. LLC now owns 34,822 shares of the exchange traded fund’s stock worth $1,430,000 after buying an additional 4,950 shares during the last quarter.

First Trust Emerging Markets Small Cap AlphaDEX Fund Price Performance

Shares of NASDAQ FEMS traded up $0.16 during midday trading on Friday, hitting $39.01. The stock had a trading volume of 5,386 shares, compared to its average volume of 31,645. The firm has a market cap of $317.89 million, a P/E ratio of 5.02 and a beta of 0.92. First Trust Emerging Markets Small Cap AlphaDEX Fund has a fifty-two week low of $36.61 and a fifty-two week high of $42.57. The company’s 50-day simple moving average is $39.46 and its 200 day simple moving average is $40.07.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.3413 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.37 dividend on an annualized basis and a yield of 3.50%.

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.