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First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) Short Interest Ratio & Short Volume

First Trust Emerging Markets Small Cap AlphaDEX Fund logo
$44.78 +0.81 (+1.84%)
Closing price 10/2/2026 03:59 PM Eastern
Extended Trading
$44.80 +0.02 (+0.03%)
As of 10/2/2026 04:15 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

First Trust Emerging Markets Small Cap AlphaDEX Fund Short Interest Overview

As of September 15, 2026, First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) had a short interest of 16,133 shares sold short, representing 0.33% of the public float. This marks a -68.20% decrease in short interest since the prior report. The short interest ratio (days to cover) is 0.3, meaning it would take 0.3 days of the average trading volume of 35,498 shares to cover all short positions.

Current Short Interest
16,133 shares
Previous Short Interest
50,737 shares
Change Vs. Previous Month
-68.20%
Dollar Volume Sold Short
$728.45 thousand
Short Interest Ratio
0.3 Days to Cover
Last Record Date
September 15, 2026
Outstanding Shares
4,900,000 shares
Short Percent of Float
0.33%
Today's Trading Volume
8,356 shares
Average Trading Volume
35,498 shares
Today's Volume Vs. Average
24%
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FEMS Short Interest Over Time

FEMS Days to Cover Over Time

FEMS Percentage of Float Shorted Over Time

First Trust Emerging Markets Small Cap AlphaDEX Fund Tesla Short Interest History & Recent Changes

Report DateTotal Shares Sold ShortDollar Volume Sold ShortChange from Previous ReportPercentage of Float ShortedDays to CoverPrice on Report Date
9/15/202616,133 shares $728.45 thousand -68.2%0.3%0.33 $45.15
8/31/202650,737 shares $2.39 million -60.2%0.9%0.46 $47.08
8/14/2026127,536 shares $5.85 million +215.3%2.3%4.12 $45.88
7/31/202640,449 shares $1.76 million +138.8%0.7%1.06 $43.47
7/15/202616,939 shares $777.33 thousand +190.3%0.3%1.01 $45.89
6/30/20265,835 shares $266.43 thousand +217.5%0.1%0.2 $45.66
6/15/20261,838 shares $86.74 thousand -68.8%0.0%0.05 $47.19
5/29/20265,888 shares $276.26 thousand -60.5%0.1%0.13 $46.92
5/15/202614,913 shares $695.24 thousand +175.3%0.3%0.39 $46.62
4/30/20265,418 shares $258.06 thousand -19.5%0.1%0.15 $47.63
4/15/20266,730 shares $323.31 thousand +126.8%0.1%0.18 $48.04
3/31/20262,968 shares $135.04 thousand -12.1%0.1%0.09 $45.50
3/13/20263,378 shares $150.76 thousand -41.4%0.1%0.11 $44.63
2/27/20265,762 shares $275.48 thousand -34.9%0.1%0.25 $47.81
2/13/20268,849 shares $411.39 thousand +19.9%0.2%0.39 $46.49
1/30/20267,383 shares $332.79 thousand -2.0%0.1%0.33 $45.08
1/15/20267,532 shares $336.98 thousand +17.6%0.1%0.54 $44.74
12/31/20256,404 shares $269.61 thousand +593.8%0.1%0.36 $42.10
12/15/2025923 shares $39.07 thousand -75.5%0.0%0.08 $42.33
11/28/20253,771 shares $161.68 thousand +49.1%0.1%0.19 $42.88
11/14/20252,530 shares $107.35 thousand +3,273.3%0.0%0.13 $42.43
10/31/202575 shares $3.17 thousand -96.4%0.0%0 $42.29
10/15/20252,100 shares $88.91 thousand -12.5%0.0%0.1 $42.34
9/30/20252,400 shares $105.34 thousand -69.6%N/A0.1 $43.89
9/15/20257,900 shares $353.84 thousand -59.1%N/A0.3 $44.79
8/31/202519,300 shares $844.74 thousand +3.2%0.3%0.8 $43.77
8/15/202518,700 shares $801.00 thousand -1.1%N/A0.7 $42.83
7/31/202518,900 shares $778.11 thousand -33.2%0.3%0.7 $41.17
7/15/202528,300 shares $1.16 million +4.0%N/A1 $41.03
6/30/202527,200 shares $1.10 million -29.2%0.4%0.8 $40.61
6/15/202538,400 shares $1.55 million +26.3%0.6%1.3 $40.25
5/31/202530,400 shares $1.18 million No Change0.5%1 $38.77
5/15/202530,400 shares $1.18 million -20.6%0.5%0.8 $38.79
4/30/202538,300 shares $1.42 million +35.3%N/A0.8 $37.17
4/15/202528,300 shares $995.31 thousand -31.8%0.4%0.6 $35.17
3/31/202541,500 shares $1.54 million +20.3%0.6%0.9 $37.17
3/15/202534,500 shares $1.33 million +6,800.0%0.5%0.8 $38.68
2/28/2025500 shares $18.53 thousand -70.6%0.0%0 $37.06
2/15/20251,700 shares $65.47 thousand -5.6%0.0%0 $38.51
1/31/20251,800 shares $67.28 thousand +100.0%N/A0 $37.38
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1/15/2025900 shares $33.00 thousand +28.6%N/A0 $36.67
12/31/2024700 shares $26.41 thousand -72.0%N/A0 $37.73
12/15/20242,500 shares $98.07 thousand +257.1%N/A0.1 $39.23
11/30/2024700 shares $27.31 thousand -92.1%N/A0 $39.01
11/15/20248,900 shares $339.58 thousand -79.5%N/A0.3 $38.16
10/31/202443,500 shares $1.70 million +1.2%N/A1.2 $39.12
10/15/202443,000 shares $1.67 million +1,094.4%N/A1.4 $38.75
9/30/20243,600 shares $147.89 thousand +1,700.0%N/A0.1 $41.08
9/15/2024200 shares $7.76 thousand -98.5%N/A0 $38.81
8/31/202413,200 shares $521.73 thousand +85.9%N/A0.5 $39.53
8/15/20247,100 shares $281.52 thousand -72.7%N/A0.3 $39.65
7/31/202426,000 shares $1.05 million +76.9%N/A1.2 $40.52
7/15/202414,700 shares $615.64 thousand +600.0%N/A0.6 $41.88
6/30/20242,100 shares $85.24 thousand -80.4%N/A0.1 $40.59
6/15/202410,700 shares $437.10 thousand -42.2%N/A0.4 $40.85
5/31/202418,500 shares $749.44 thousand +460.6%N/A0.6 $40.51
5/15/20243,300 shares $136.69 thousand -75.2%N/A0.1 $41.42
4/30/202413,300 shares $518.83 thousand -34.8%N/A0.4 $39.01
4/15/202420,400 shares $788.26 thousand -30.6%N/A0.5 $38.64
3/31/202429,400 shares $1.14 million +182.7%N/A0.8 $38.71
3/15/202410,400 shares $403.94 thousand -51.2%N/A0.3 $38.84
2/29/202421,300 shares $831.98 thousand -21.1%N/A0.5 $39.06
2/15/202427,000 shares $1.04 million -48.2%N/A0.6 $38.36
1/31/202452,100 shares $1.98 million -26.9%N/A1 $37.96
1/15/202471,300 shares $2.71 million -7.3%N/A1.2 $37.98
12/31/202376,900 shares $2.96 million +150.5%N/A1.2 $38.44
12/15/202330,700 shares $1.16 million -23.8%N/A0.5 $37.77
11/30/202340,300 shares $1.50 million +16.5%N/A0.7 $37.26
11/15/202334,600 shares $1.31 million +83.1%N/A0.6 $37.77
10/31/202318,900 shares $672.84 thousand -55.2%N/A0.3 $35.60
10/15/202342,200 shares $1.57 million -31.8%N/A0.9 $37.32
9/30/202361,900 shares $2.38 million +810.3%N/A1.5 $38.46
9/15/20236,800 shares $267.58 thousand -94.7%N/A0.2 $39.35
8/31/2023128,200 shares $5.03 million -23.8%N/A3.2 $39.25
8/15/2023168,300 shares $6.35 million -17.0%N/A3.7 $37.75
7/31/2023202,800 shares $8.00 million -15.4%N/A3.3 $39.47
7/15/2023239,600 shares $9.10 million -18.9%N/A3.7 $38.00
6/30/2023295,300 shares $10.73 million -12.1%N/A4.3 $36.35
6/15/2023336,100 shares $12.62 million +1,158.8%N/A4.7 $37.55
5/31/202326,700 shares $943.58 thousand -40.9%N/A0.3 $35.34
5/15/202345,200 shares $1.63 million -45.5%N/A0.4 $36.06
4/30/202383,000 shares $3.02 million +7.5%N/A0.7 $36.43
4/15/202377,200 shares $2.93 million +142.8%N/A0.6 $38.01
3/31/202331,800 shares $1.18 million -37.8%N/A0.2 $37.21
3/15/202351,100 shares $1.88 million -46.4%N/A0.4 $36.80
2/28/202395,400 shares $3.65 million +89.3%N/A0.7 $38.26
2/15/202350,400 shares $1.95 million -15.4%N/A0.5 $38.72
1/31/202359,600 shares $2.39 million -49.6%N/A0.7 $40.06
1/15/2023118,200 shares $4.61 million -10.3%N/A1.8 $39.01
12/30/2022131,800 shares $5.13 million +325.2%N/A2.6 $38.94
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12/15/202231,000 shares $1.18 million +34.8%N/A0.8 $38.13
11/30/202223,000 shares $884.35 thousand -37.2%N/A0.8 $38.45
11/15/202236,600 shares $1.36 million +248.6%N/A1.4 $37.07
10/31/202210,500 shares $349.65 thousand -58.3%N/A0.4 $33.30
10/15/202225,200 shares $808.42 thousand No ChangeN/A1.3 $32.08
9/30/202239,000 shares $1.24 million -75.1%N/A2.1 $31.90
9/15/2022156,700 shares $5.60 million +8,605.6%N/A7 $35.73
8/31/20221,800 shares $63.59 thousand -78.3%N/A0.1 $35.33
8/15/20228,300 shares $294.57 thousand -82.5%N/A0.3 $35.49
7/31/202247,500 shares $1.62 million -52.3%N/A1.5 $34.17
7/15/202299,500 shares $3.24 million +12.4%N/A3.2 $32.52
6/30/202288,500 shares $3.07 million -26.4%N/A2.9 $34.74
6/15/2022120,200 shares $4.44 million +52.0%N/A4.9 $36.97
5/31/202279,100 shares $3.07 million +61.1%N/A4.6 $38.86
5/15/202249,100 shares $1.80 million -19.5%N/A3.6 $36.70
4/30/202261,000 shares $2.34 million -45.2%N/A4.6 $38.37
4/15/2022111,400 shares $4.54 million +9,183.3%N/A9.3 $40.71
3/31/20221,200 shares $48.77 thousand -7.7%N/A0.1 $40.64
3/15/20221,300 shares $48.59 thousand -80.3%N/A0.1 $37.38
2/28/20226,600 shares $260.37 thousand -30.5%N/A0.4 $39.45
2/15/20229,500 shares $391.59 thousand +111.1%N/A0.6 $41.22
1/31/20224,500 shares $181.53 thousand -89.1%N/A0.3 $40.34
1/15/202241,400 shares $1.69 million +4,040.0%N/A2.6 $40.72
12/31/20211,000 shares $40.19 thousand +900.0%N/A0.1 $40.19
12/15/2021100 shares $4 thousand -96.4%N/A0 $40.00
11/30/20212,800 shares $110.80 thousand +211.1%N/A0.2 $39.57
11/15/2021900 shares $37.88 thousand -65.4%N/A0.1 $42.09
10/29/20212,600 shares $107.04 thousand -38.1%N/A0.2 $41.17
10/15/20214,200 shares $177.79 thousand +250.0%N/A0.2 $42.33

FEMS Short Interest - Frequently Asked Questions

Short interest is the volume of First Trust Emerging Markets Small Cap AlphaDEX Fund shares that have been sold short but have not yet been closed out or covered. As of September 15th, investors have sold 16,133 shares of FEMS short. 0.33% of First Trust Emerging Markets Small Cap AlphaDEX Fund's shares are currently sold short. Learn More on First Trust Emerging Markets Small Cap AlphaDEX Fund's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. FEMS shares currently have a short interest ratio of 0.3. Learn More on First Trust Emerging Markets Small Cap AlphaDEX Fund's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 0.33% of First Trust Emerging Markets Small Cap AlphaDEX Fund's floating shares are currently sold short.

First Trust Emerging Markets Small Cap AlphaDEX Fund saw a drop in short interest in September. As of September 15th, there was short interest totaling 16,133 shares, a drop of 68.2% from the previous total of 50,737 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

0.33% of First Trust Emerging Markets Small Cap AlphaDEX Fund's shares are currently sold short. Here is how the short interest of companies compare to First Trust Emerging Markets Small Cap AlphaDEX Fund: iShares MSCI Brazil Small-Cap ETF (3.21%), VictoryShares US Small Cap High Div Volatility Wtd ETF (0.59%), First Trust Small Cap Value AlphaDEX Fund (0.64%), iShares MSCI Europe Small-Cap ETF (1.10%), Small Cap Growth Alpha ETF (0.03%), Invesco Dorsey Wright SmallCap Momentum ETF (0.09%), Avantis Emerging Markets ex-China Equity ETF (0.20%), SEI Select Small Cap ETF (0.17%), iShares MSCI World Small-Cap ETF (0.48%), Small/Mid Cap Growth Alpha ETF (0.21%),

As of the most recent reporting period, the following stocks had the largest short interest positions: SPDR S&P 500 ETF Trust ($75.21 billion), Invesco QQQ ($46.31 billion), iShares Russell 2000 ETF ($27.98 billion), SPDR S&P Biotech ETF ($11.59 billion), Nebius Group N.V. ($9.70 billion), Canadian Natural Resources Limited ($9.42 billion), iShares 20+ Year Treasury Bond ETF ($8.70 billion), iShares iBoxx $ High Yield Corporate Bond ETF ($8.53 billion), iShares iBoxx $ Investment Grade Corporate Bond ETF ($7.79 billion), and Financial Select Sector SPDR Fund ($7.74 billion). View all of the most shorted stocks.

Short selling FEMS is an investing strategy that aims to generate trading profit from First Trust Emerging Markets Small Cap AlphaDEX Fund as its price is falling. FEMS shares are trading up $0.81 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for First Trust Emerging Markets Small Cap AlphaDEX Fund occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of FEMS, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including FEMS, twice per month. The most recent reporting period available is September, 15 2026.

Understanding short interest metrics can help you assess how traders are positioning around a stock like FEMS:

  • Shares Sold Short: The total number of shares that have been sold by short sellers but have not yet been covered or closed out. A high number may indicate bearish sentiment.
  • Short Float: The percentage of a company’s publicly available shares (or "float") that are sold short. A higher short float suggests a greater portion of the stock is being bet against.
  • Days to Cover (Short Interest Ratio): This estimates how many days it would take short sellers to cover their positions, based on average daily trading volume. Higher values can signal potential for a short squeeze if buying pressure increases.

These metrics are often used by traders to gauge sentiment, volatility risk, and the potential for price movements based on short covering activity.



Short interest data for NASDAQ:FEMS is sourced from the Financial Industry Regulatory Authority (FINRA), with the most recent report published on 9/24/2026. FINRA publishes updated short interest twice a month.
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