First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Short Interest Down 69.6% in September

Key Points

• The short interest in the First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) decreased by 69.6% in September, with a current total of 2,400 shares as of September 30th.
• Geneos Wealth Management increased its stake in the fund by 100.0%, while other hedge funds also made significant adjustments to their positions during the second quarter.
• The fund declared a quarterly dividend of $0.532, reflecting an increase from the previous dividend, with an annual yield of 5.1%.

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS - ) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 2,400 shares, a decrease of 69.6% from the September 15th total of 7,900 shares. Based on an average trading volume of 17,800 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 17,800 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of First Trust Emerging Markets Small Cap AlphaDEX Fund

Hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. boosted its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,066 shares of the exchange traded fund's stock worth $43,000 after purchasing an additional 533 shares during the period. Ameritas Advisory Services LLC bought a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund in the second quarter worth about $61,000. Private Trust Co. NA raised its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 9.4% in the second quarter. Private Trust Co. NA now owns 5,935 shares of the exchange traded fund's stock worth $241,000 after acquiring an additional 508 shares in the last quarter. Richmond Investment Services LLC raised its position in First Trust Emerging Markets Small Cap AlphaDEX Fund by 100.3% in the second quarter. Richmond Investment Services LLC now owns 10,864 shares of the exchange traded fund's stock worth $441,000 after acquiring an additional 5,440 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased 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 worth $435,000 after purchasing an additional 324 shares in the last quarter.

First Trust Emerging Markets Small Cap AlphaDEX Fund Trading Down 1.5%

Shares of First Trust Emerging Markets Small Cap AlphaDEX Fund stock traded down $0.64 during mid-day trading on Friday, hitting $41.86. 10,063 shares of the stock were exchanged, compared to its average volume of 32,090. The stock has a market capitalization of $259.53 million, a price-to-earnings ratio of 8.10 and a beta of 0.92. First Trust Emerging Markets Small Cap AlphaDEX Fund has a twelve month low of $32.31 and a twelve month high of $45.10. The company has a 50-day simple moving average of $43.57 and a 200 day simple moving average of $40.58.

First Trust Emerging Markets Small Cap AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a $0.532 dividend. The ex-dividend date was Thursday, September 25th. This is a positive change from First Trust Emerging Markets Small Cap AlphaDEX Fund's previous quarterly dividend of $0.52. This represents a $2.13 annualized dividend and a yield of 5.1%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.