First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Short Interest Up 6,800.0% in March

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) saw a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 34,500 shares, an increase of 6,800.0% from the February 28th total of 500 shares. Based on an average daily volume of 45,700 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.5% of the company’s stock are sold short.

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

A number of institutional investors have recently modified their holdings of the company. Oppenheimer & Co. Inc. raised its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.7% in the 4th quarter. Oppenheimer & Co. Inc. now owns 19,420 shares of the exchange traded fund’s stock worth $733,000 after acquiring an additional 331 shares during the period. Nations Financial Group Inc. IA ADV grew its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 4.1% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 10,297 shares of the exchange traded fund’s stock valued at $389,000 after purchasing an additional 405 shares during the last quarter. 626 Financial LLC increased its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 0.6% in the fourth quarter. 626 Financial LLC now owns 144,845 shares of the exchange traded fund’s stock worth $5,464,000 after purchasing an additional 832 shares during the period. Quad Cities Investment Group LLC increased its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 2.3% in the fourth quarter. Quad Cities Investment Group LLC now owns 43,327 shares of the exchange traded fund’s stock worth $1,635,000 after purchasing an additional 980 shares during the period. Finally, Archer Investment Corp lifted its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.5% during the 4th quarter. Archer Investment Corp now owns 67,415 shares of the exchange traded fund’s stock worth $2,543,000 after purchasing an additional 992 shares during the last quarter.

First Trust Emerging Markets Small Cap AlphaDEX Fund Price Performance

NASDAQ:FEMS traded down $0.07 during trading hours on Wednesday, reaching $37.79. The company’s stock had a trading volume of 13,660 shares, compared to its average volume of 34,108. The company has a market cap of $281.54 million, a price-to-earnings ratio of 5.95 and a beta of 0.92. First Trust Emerging Markets Small Cap AlphaDEX Fund has a one year low of $35.97 and a one year high of $42.57. The business’s 50-day moving average is $37.81 and its 200-day moving average is $38.58.

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.