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

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 5,762 shares, a drop of 34.9% from the February 12th total of 8,849 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 22,918 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 22,918 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Performance

Shares of NASDAQ FEMS traded down $0.24 during mid-day trading on Friday, reaching $44.63. The company had a trading volume of 29,784 shares, compared to its average volume of 22,440. First Trust Emerging Markets Small Cap AlphaDEX Fund has a twelve month low of $32.31 and a twelve month high of $48.26. The stock’s 50 day moving average is $45.63 and its 200-day moving average is $43.85. The stock has a market capitalization of $252.16 million, a PE ratio of 8.10 and a beta of 0.63.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Sankala Group LLC acquired a new stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund during the 4th quarter valued at about $93,000. Arax Advisory Partners increased its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.3% in the fourth quarter. Arax Advisory Partners now owns 130,988 shares of the exchange traded fund’s stock worth $5,514,000 after buying an additional 1,724 shares during the last quarter. Indivisible Partners acquired a new position in First Trust Emerging Markets Small Cap AlphaDEX Fund in the fourth quarter worth approximately $220,000. Oppenheimer & Co. Inc. raised its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 6.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 22,032 shares of the exchange traded fund’s stock valued at $927,000 after acquiring an additional 1,364 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 1,714.3% during the fourth quarter. Farther Finance Advisors LLC now owns 5,334 shares of the exchange traded fund’s stock valued at $225,000 after acquiring an additional 5,040 shares in 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.