First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Stock Short Interest Report for October

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 6,548 shares, a drop of 42.9% from the September 30th total of 11,460 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 15,998 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commonwealth Equity Services LLC acquired a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund in the 3rd quarter valued at $539,000. MCF Advisors LLC bought a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund in the second quarter valued at $64,000. Baird Financial Group Inc. raised 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 in the last quarter. NewEdge Advisors LLC raised its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 4.9% during the first quarter. NewEdge Advisors LLC now owns 81,963 shares of the exchange traded fund’s stock worth $3,734,000 after acquiring an additional 3,817 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 7.4% during the first quarter. Royal Bank of Canada now owns 52,484 shares of the exchange traded fund’s stock worth $2,391,000 after acquiring an additional 3,598 shares in the last quarter.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Performance

Shares of First Trust Emerging Markets Small Cap AlphaDEX Fund stock opened at $39.46 on Tuesday. The firm’s 50-day simple moving average is $45.06 and its 200-day simple moving average is $45.79. First Trust Emerging Markets Small Cap AlphaDEX Fund has a twelve month low of $38.70 and a twelve month high of $49.49. The firm has a market cap of $193.35 million, a P/E ratio of 8.10 and a beta of 0.51.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

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

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.