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

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) was the target of a large decrease in short interest in October. As of October 30th, there was short interest totaling 572 shares, a decrease of 91.3% from the October 15th total of 6,548 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 28,305 shares, the days-to-cover ratio is currently 0.0 days.

First Trust Emerging Markets Small Cap AlphaDEX Fund Trading Up 2.4%

FEMS stock traded up $0.94 during midday trading on Wednesday, reaching $39.56. The company had a trading volume of 1,470 shares, compared to its average volume of 35,349. The company has a market capitalization of $193.87 million, a P/E ratio of 6.10 and a beta of 0.56. The company has a 50 day moving average of $44.07 and a two-hundred day moving average of $45.61. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 1 year low of $37.77 and a 1 year high of $49.49.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a $0.3986 dividend. The ex-dividend date was Thursday, September 24th. This is a negative change from First Trust Emerging Markets Small Cap AlphaDEX Fund’s previous quarterly dividend of $0.4450. This represents a $1.59 dividend on an annualized basis and a dividend yield of 4.0%.

Institutional Trading of First Trust Emerging Markets Small Cap AlphaDEX Fund

A number of institutional investors and hedge funds have recently modified their holdings of the company. HBW Advisory Services LLC boosted its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 22.5% during the first quarter. HBW Advisory Services LLC now owns 51,240 shares of the exchange traded fund’s stock valued at $2,334,000 after purchasing an additional 9,402 shares in the last quarter. Archer Investment Corp increased its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.1% in the 1st quarter. Archer Investment Corp now owns 69,100 shares of the exchange traded fund’s stock worth $3,148,000 after acquiring an additional 763 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 7.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,626 shares of the exchange traded fund’s stock worth $484,000 after acquiring an additional 710 shares in the last quarter. Cetera Investment Advisers lifted its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 6.0% during the 1st quarter. Cetera Investment Advisers now owns 74,175 shares of the exchange traded fund’s stock valued at $3,379,000 after acquiring an additional 4,180 shares during the period. Finally, NewEdge Advisors LLC lifted its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 4.9% during the 1st quarter. NewEdge Advisors LLC now owns 81,963 shares of the exchange traded fund’s stock valued at $3,734,000 after acquiring an additional 3,817 shares during the period.

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.