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 large decrease in short interest in February. As of February 28th, there was short interest totalling 500 shares, a decrease of 70.6% from the February 13th total of 1,700 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 47,800 shares, the days-to-cover ratio is presently 0.0 days.

First Trust Emerging Markets Small Cap AlphaDEX Fund Stock Performance

NASDAQ FEMS traded down $0.00 during trading hours on Thursday, reaching $37.66. 4,996 shares of the company’s stock were exchanged, compared to its average volume of 34,249. The company has a market capitalization of $280.54 million, a price-to-earnings ratio of 6.04 and a beta of 0.92. First Trust Emerging Markets Small Cap AlphaDEX Fund has a one year low of $35.97 and a one year high of $42.57. The company’s 50-day moving average is $37.61 and its two-hundred day moving average is $38.67.

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

Several hedge funds have recently made changes to their positions in FEMS. Raymond James Financial Inc. bought a new position in shares of First Trust Emerging Markets Small Cap AlphaDEX Fund during the 4th quarter worth approximately $21,068,000. OLD Mission Capital LLC lifted its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 348.1% during the 4th quarter. OLD Mission Capital LLC now owns 138,717 shares of the exchange traded fund’s stock valued at $5,233,000 after purchasing an additional 107,760 shares during the last quarter. SRS Capital Advisors Inc. acquired a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund during the 4th quarter valued at $2,995,000. Independent Advisor Alliance acquired a new stake in First Trust Emerging Markets Small Cap AlphaDEX Fund during the 4th quarter valued at $2,802,000. Finally, Merit Financial Group LLC lifted its holdings in First Trust Emerging Markets Small Cap AlphaDEX Fund by 564.1% during the 4th quarter. Merit Financial Group LLC now owns 82,130 shares of the exchange traded fund’s stock valued at $3,098,000 after purchasing an additional 69,762 shares during the last quarter.

About First Trust Emerging Markets Small Cap AlphaDEX Fund

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.