First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Short Interest Update

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) was the target of a significant drop in short interest during the month of November. As of November 30th, there was short interest totalling 700 shares, a drop of 92.1% from the November 15th total of 8,900 shares. Based on an average trading volume of 36,500 shares, the short-interest ratio is currently 0.0 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in FEMS. Cornerstone Planning Group LLC grew its holdings in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 6.4% during the 3rd quarter. Cornerstone Planning Group LLC now owns 269,734 shares of the exchange traded fund’s stock worth $10,544,000 after purchasing an additional 16,197 shares in the last quarter. MML Investors Services LLC boosted its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 42.2% during the third quarter. MML Investors Services LLC now owns 53,429 shares of the exchange traded fund’s stock worth $2,195,000 after buying an additional 15,860 shares in the last quarter. Cetera Investment Advisers increased its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 8.5% in the 2nd quarter. Cetera Investment Advisers now owns 188,414 shares of the exchange traded fund’s stock valued at $7,648,000 after buying an additional 14,804 shares during the period. Northwestern Mutual Wealth Management Co. increased its holdings in 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 valued at $1,098,000 after buying an additional 7,256 shares during the period. Finally, Cedrus LLC raised its stake in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 12.9% in the 3rd quarter. Cedrus LLC now owns 61,574 shares of the exchange traded fund’s stock valued at $2,529,000 after buying an additional 7,059 shares in the last quarter.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Up 0.9 %

NASDAQ FEMS traded up $0.34 during midday trading on Wednesday, hitting $40.31. The company had a trading volume of 18,973 shares, compared to its average volume of 31,937. The firm has a fifty day simple moving average of $39.32 and a two-hundred day simple moving average of $39.94. First Trust Emerging Markets Small Cap AlphaDEX Fund has a fifty-two week low of $36.61 and a fifty-two week high of $42.57. The stock has a market cap of $328.53 million, a price-to-earnings ratio of 5.02 and a beta of 0.92.

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. Investors of record on Thursday, September 26th were given a dividend of $0.3413 per share. This represents a $1.37 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date was Thursday, September 26th.

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.