First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Stock Short Interest Falls 91.3%

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) saw a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 572 shares, a drop 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 sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Baird Financial Group Inc. increased its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 68.4% in the second quarter. Baird Financial Group Inc. now owns 68,862 shares of the exchange traded fund’s stock worth $3,144,000 after purchasing an additional 27,974 shares during the period. Commonwealth Equity Services LLC purchased a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund in the third quarter worth $539,000. HBW Advisory Services LLC raised its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 22.5% in the first quarter. HBW Advisory Services LLC now owns 51,240 shares of the exchange traded fund’s stock worth $2,334,000 after buying an additional 9,402 shares in the last quarter. Cetera Investment Advisers boosted its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 6.0% during the first quarter. Cetera Investment Advisers now owns 74,175 shares of the exchange traded fund’s stock valued at $3,379,000 after buying an additional 4,180 shares during the period. Finally, NewEdge Advisors LLC boosted 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 valued at $3,734,000 after buying an additional 3,817 shares during the period.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Down 1.0%

NASDAQ:FEMS traded down $0.38 during mid-day trading on Thursday, hitting $38.89. 30,357 shares of the stock traded hands, compared to its average volume of 35,358. The business’s 50-day moving average price is $43.92 and its 200 day moving average price is $45.57. The company has a market cap of $190.56 million, a PE ratio of 6.10 and a beta of 0.56. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 12-month low of $37.77 and a 12-month high of $49.49.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.3986 dividend. This represents a $1.59 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend 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.

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.