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 decline in short interest during the month of October. As of October 30th, there was short interest totaling 572 shares, a decline of 91.3% from the October 15th total of 6,548 shares. Based on an average trading volume of 28,305 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

First Trust Emerging Markets Small Cap AlphaDEX Fund Price Performance

Shares of NASDAQ FEMS traded up $0.94 during midday trading on Wednesday, reaching $39.56. 1,470 shares of the stock traded hands, compared to its average volume of 35,349. The stock has a market capitalization of $193.87 million, a PE ratio of 6.10 and a beta of 0.56. First Trust Emerging Markets Small Cap AlphaDEX Fund has a one year low of $37.77 and a one year high of $49.49. The company’s 50 day moving average is $44.07 and its 200 day moving average is $45.61.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

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

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC purchased a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund during the 3rd quarter valued at about $539,000. Private Advisor Group LLC grew its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.4% in the third quarter. Private Advisor Group LLC now owns 121,527 shares of the exchange traded fund’s stock worth $5,364,000 after acquiring an additional 1,732 shares in the last quarter. Beta Wealth Group Inc. grew its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.5% in the third quarter. Beta Wealth Group Inc. now owns 213,338 shares of the exchange traded fund’s stock worth $9,417,000 after acquiring an additional 3,128 shares in the last quarter. Baird Financial Group Inc. increased its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 68.4% during the second quarter. Baird Financial Group Inc. now owns 68,862 shares of the exchange traded fund’s stock worth $3,144,000 after acquiring an additional 27,974 shares during the last quarter. Finally, MCF Advisors LLC bought a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund during the second quarter worth approximately $64,000.

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.