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

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) was the target of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 3,600 shares, an increase of 1,700.0% from the September 15th total of 200 shares. Based on an average daily trading volume, of 28,000 shares, the short-interest ratio is currently 0.1 days.

First Trust Emerging Markets Small Cap AlphaDEX Fund Price Performance

First Trust Emerging Markets Small Cap AlphaDEX Fund stock traded up $0.10 during trading hours on Thursday, reaching $39.56. The stock had a trading volume of 48,628 shares, compared to its average volume of 30,642. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 52 week low of $35.34 and a 52 week high of $42.57. The stock has a market cap of $322.41 million, a PE ratio of 5.02 and a beta of 0.92. The company has a fifty day simple moving average of $39.61 and a 200-day simple moving average of $40.11.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.37 dividend on an annualized basis and a dividend yield of 3.45%.

Institutional Investors Weigh In On First Trust Emerging Markets Small Cap AlphaDEX Fund

Several hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund during the 2nd quarter valued at $45,000. Destiny Wealth Partners LLC bought a new position in First Trust Emerging Markets Small Cap AlphaDEX Fund during the 1st quarter valued at approximately $204,000. Oppenheimer & Co. Inc. increased its holdings 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 valued at $709,000 after acquiring an additional 281 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 36.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 27,060 shares of the exchange traded fund’s stock worth $1,098,000 after purchasing an additional 7,256 shares during the last quarter. Finally, HBW Advisory Services LLC lifted its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 15.9% in the second quarter. HBW Advisory Services LLC now owns 28,600 shares of the exchange traded fund’s stock worth $1,161,000 after buying an additional 3,927 shares in the last quarter.

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.