First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Short Interest Down 59.1% in September

Key Points

• The short interest for the First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) decreased by 59.1% in September, dropping from 19,300 shares to 7,900 shares.
• The fund recently announced a quarterly dividend increase to $0.532, yielding 4.8% annualized, with the dividend paid on September 30th.
• FEMS stock traded up by 0.8% to $44.34, with a market cap of $283.78 million and a P/E ratio of 8.10.

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS - ) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 7,900 shares, a decrease of 59.1% from the August 31st total of 19,300 shares. Based on an average daily trading volume, of 24,400 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 24,400 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Emerging Markets Small Cap AlphaDEX Fund Trading Up 0.8%

First Trust Emerging Markets Small Cap AlphaDEX Fund stock traded up $0.37 during mid-day trading on Friday, hitting $44.34. 7,554 shares of the company's stock were exchanged, compared to its average volume of 33,150. The stock has a market cap of $283.78 million, a P/E ratio of 8.10 and a beta of 0.92. The stock has a 50 day moving average of $43.32 and a two-hundred day moving average of $40.19. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 1-year low of $32.31 and a 1-year high of $45.10.

First Trust Emerging Markets Small Cap AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a $0.532 dividend. This is an increase from First Trust Emerging Markets Small Cap AlphaDEX Fund's previous quarterly dividend of $0.52. The ex-dividend date was Thursday, September 25th. This represents a $2.13 annualized dividend and a yield of 4.8%.

Institutional Investors 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 the stock. 626 Financial LLC raised its position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund by 10.4% in the first quarter. 626 Financial LLC now owns 159,873 shares of the exchange traded fund's stock valued at $5,942,000 after purchasing an additional 15,028 shares during the period. Janney Montgomery Scott LLC grew its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 2.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 11,701 shares of the exchange traded fund's stock valued at $435,000 after buying an additional 324 shares during the last quarter. World Equity Group Inc. grew its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 16.2% in the 1st quarter. World Equity Group Inc. now owns 23,302 shares of the exchange traded fund's stock valued at $866,000 after buying an additional 3,257 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 44.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 69,494 shares of the exchange traded fund's stock valued at $2,583,000 after buying an additional 21,290 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 6.9% during the first quarter. Envestnet Asset Management Inc. now owns 77,323 shares of the exchange traded fund's stock valued at $2,874,000 after acquiring an additional 4,997 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.

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