Short Interest in First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Decreases By 79.5%

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) was the target of a significant 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 days-to-cover ratio is currently 0.3 days.

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

Several large investors have recently modified their holdings of FEMS. MML Investors Services LLC lifted its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 42.2% during the third quarter. MML Investors Services LLC now owns 53,429 shares of the exchange traded fund’s stock worth $2,195,000 after acquiring an additional 15,860 shares in the last quarter. Stifel Financial Corp raised its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 9.3% during the 3rd quarter. Stifel Financial Corp now owns 41,153 shares of the exchange traded fund’s stock valued at $1,690,000 after purchasing an additional 3,512 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 128,846 shares of the exchange traded fund’s stock worth $5,293,000 after purchasing an additional 1,624 shares in the last quarter. Flow Traders U.S. LLC boosted its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 16.6% in the 3rd quarter. Flow Traders U.S. LLC now owns 34,822 shares of the exchange traded fund’s stock worth $1,430,000 after purchasing an additional 4,950 shares during the period. Finally, Archer Investment Corp grew its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 0.8% during the 3rd quarter. Archer Investment Corp now owns 66,423 shares of the exchange traded fund’s stock valued at $2,729,000 after buying an additional 509 shares in the last quarter.

First Trust Emerging Markets Small Cap AlphaDEX Fund Price Performance

Shares of NASDAQ FEMS traded up $0.16 during trading on Friday, reaching $39.01. 5,386 shares of the stock traded hands, compared to its average volume of 31,645. The stock has a market capitalization 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 52-week low of $36.61 and a 52-week high of $42.57. The company has a 50-day moving average of $39.46 and a 200-day moving average of $40.07.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.3413 per share. This represents a $1.37 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Thursday, September 26th.

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.