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

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 200 shares, a decrease of 98.5% from the August 31st total of 13,200 shares. Based on an average trading volume of 26,000 shares, the short-interest ratio is presently 0.0 days.

First Trust Emerging Markets Small Cap AlphaDEX Fund Price Performance

Shares of NASDAQ FEMS traded up $0.47 during mid-day trading on Friday, hitting $41.12. 20,186 shares of the stock traded hands, compared to its average volume of 29,860. The company has a market cap of $335.13 million, a PE ratio of 5.02 and a beta of 0.92. First Trust Emerging Markets Small Cap AlphaDEX Fund has a twelve month low of $35.34 and a twelve month high of $42.57. The firm has a 50 day simple moving average of $39.63 and a two-hundred day simple moving average of $40.02.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 26th will be paid a dividend of $0.3413 per share. This represents a $1.37 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Thursday, September 26th.

Institutional Trading of First Trust Emerging Markets Small Cap AlphaDEX Fund

Several hedge funds and other institutional investors have recently made changes to their positions in FEMS. International Assets Investment Management LLC acquired a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund in the second quarter valued at $45,000. Destiny Wealth Partners LLC bought a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund in the 1st quarter valued at about $204,000. Nations Financial Group Inc. IA ADV increased its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 10.8% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 11,492 shares of the exchange traded fund’s stock valued at $442,000 after buying an additional 1,122 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.6% during the first quarter. Oppenheimer & Co. Inc. now owns 18,307 shares of the exchange traded fund’s stock worth $709,000 after acquiring an additional 281 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 36.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 27,060 shares of the exchange traded fund’s stock worth $1,098,000 after acquiring an additional 7,256 shares during the last quarter.

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.