First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Shares Shorted: Short Interest Down 42.9% in October

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 6,548 shares, a decrease of 42.9% from the September 30th total of 11,460 shares. Based on an average daily trading volume, of 15,998 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

First Trust Emerging Markets Small Cap AlphaDEX Fund Price Performance

First Trust Emerging Markets Small Cap AlphaDEX Fund stock traded down $0.63 during midday trading on Friday, hitting $39.78. 22,323 shares of the company were exchanged, compared to its average volume of 34,368. The company has a market cap of $194.92 million, a PE ratio of 8.10 and a beta of 0.51. First Trust Emerging Markets Small Cap AlphaDEX Fund has a fifty-two week low of $38.70 and a fifty-two week high of $49.49. The company’s fifty day moving average price is $45.20 and its 200-day moving average price is $45.82.

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. Investors of record on Thursday, September 24th were issued a dividend of $0.3986 per share. This represents a $1.59 dividend on an annualized basis and a yield of 4.0%. 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.

Institutional Trading of First Trust Emerging Markets Small Cap AlphaDEX Fund

Hedge funds and other institutional investors have recently bought and sold shares of the company. MCF Advisors LLC acquired a new position in First Trust Emerging Markets Small Cap AlphaDEX Fund during the 2nd quarter valued at approximately $64,000. Baird Financial Group Inc. grew its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 68.4% during the second quarter. Baird Financial Group Inc. now owns 68,862 shares of the exchange traded fund’s stock worth $3,144,000 after acquiring an additional 27,974 shares during the period. NewEdge Advisors LLC grew its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 4.9% in the first quarter. NewEdge Advisors LLC now owns 81,963 shares of the exchange traded fund’s stock worth $3,734,000 after buying an additional 3,817 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 7.4% in the first quarter. Royal Bank of Canada now owns 52,484 shares of the exchange traded fund’s stock worth $2,391,000 after buying an additional 3,598 shares during the period. Finally, Cetera Investment Advisers raised its position 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.

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.