First Trust Emerging Markets Small Cap AlphaDEX Fund Price & Performance (FEMS)

The ISM Manufacturing PMI for February reached 50.3, reflecting slight expansion but below the forecasted 50.6. While four major sectors grew, new orders fell into contraction. Rising commodity prices, partly due to tariffs, added pressure to manufacturers, signaling cautious optimism amid challenging conditions.1

The First Trust Emerging Markets Small Cap AlphaDEX Fund experienced a 70.6% decline in short interest as of February 28. Trading volume remains steady, and the fund’s price rose 2.8% to $38.68. Institutional investors have been actively adjusting their holdings, showing confidence in the ETF.2

The First Trust Small Cap Core AlphaDEX Fund saw higher-than-usual trading volume, with shares closing at $93.06. This follows a 42% reduction in short interest in February. Institutional investors continue to show interest, with several increasing their stakes during the last quarter.34