First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS) Sees Large Growth in Short Interest

First Trust Emerging Markets Small Cap AlphaDEX Fund (NASDAQ:FEMS - Get Free Report) was the target of a significant growth in short interest in the month of October. As of October 15th, there was short interest totalling 43,000 shares, a growth of 1,094.4% from the September 30th total of 3,600 shares. Based on an average daily volume of 31,100 shares, the short-interest ratio is currently 1.4 days.

Institutional Trading of First Trust Emerging Markets Small Cap AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of the company. International Assets Investment Management LLC purchased a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund in the 2nd quarter worth $45,000. Oppenheimer & Co. Inc. boosted its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 1.6% during the first quarter. Oppenheimer & Co. Inc. now owns 18,307 shares of the exchange traded fund's stock valued at $709,000 after buying an additional 281 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 36.6% during 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 in the last quarter. HBW Advisory Services LLC increased its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 15.9% in the 2nd quarter. HBW Advisory Services LLC now owns 28,600 shares of the exchange traded fund's stock worth $1,161,000 after acquiring an additional 3,927 shares during the last quarter. Finally, Cetera Advisors LLC increased its stake in First Trust Emerging Markets Small Cap AlphaDEX Fund by 21.2% in the 1st quarter. Cetera Advisors LLC now owns 37,830 shares of the exchange traded fund's stock worth $1,464,000 after acquiring an additional 6,612 shares during the last quarter.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Performance

Shares of NASDAQ:FEMS remained flat at $38.90 during mid-day trading on Friday. The company had a trading volume of 10,459 shares, compared to its average volume of 30,716. The stock's 50 day simple moving average is $39.62 and its 200 day simple moving average is $40.13. The company has a market capitalization of $316.99 million, a price-to-earnings ratio of 5.02 and a beta of 0.92. First Trust Emerging Markets Small Cap AlphaDEX Fund has a 52 week low of $35.34 and a 52 week high of $42.57.

First Trust Emerging Markets Small Cap AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.3413 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.37 dividend on an annualized basis and a dividend yield of 3.51%.

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.