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

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 15th, there was short interest totaling 6,548 shares, a drop of 42.9% from the September 30th total of 11,460 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 15,998 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC lifted its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 4.9% during the 1st quarter. NewEdge Advisors LLC now owns 81,963 shares of the exchange traded fund’s stock worth $3,734,000 after purchasing an additional 3,817 shares during the last quarter. Cetera Investment Advisers grew its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 6.0% in the first quarter. Cetera Investment Advisers now owns 74,175 shares of the exchange traded fund’s stock valued at $3,379,000 after purchasing an additional 4,180 shares during the last quarter. Archer Investment Corp lifted its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.1% during the first quarter. Archer Investment Corp now owns 69,100 shares of the exchange traded fund’s stock valued at $3,148,000 after buying an additional 763 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 68.4% in the 2nd quarter. Baird Financial Group Inc. now owns 68,862 shares of the exchange traded fund’s stock valued at $3,144,000 after buying an additional 27,974 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 7.4% in the 1st quarter. Royal Bank of Canada now owns 52,484 shares of the exchange traded fund’s stock valued at $2,391,000 after buying an additional 3,598 shares in the last quarter.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Performance

NASDAQ:FEMS traded down $0.32 during trading hours on Monday, reaching $39.46. The company’s stock had a trading volume of 33,962 shares, compared to its average volume of 34,366. The company has a market capitalization of $193.35 million, a P/E ratio of 8.10 and a beta of 0.51. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 12 month low of $38.70 and a 12 month high of $49.49. The stock has a 50 day moving average price of $45.20 and a two-hundred day moving average price of $45.82.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.3986 dividend. The ex-dividend date was Thursday, September 24th. This represents a $1.59 dividend on an annualized basis and a dividend yield of 4.0%. This is a drop from First Trust Emerging Markets Small Cap AlphaDEX Fund’s previous quarterly dividend of $0.4450.

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.