First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Short Interest Update

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 44,772 shares, an increase of 137.0% from the May 14th total of 18,888 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily trading volume, of 17,467 shares, the days-to-cover ratio is presently 2.6 days.

Hedge Funds Weigh In On First Trust Europe AlphaDEX Fund

Institutional investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC increased its position in First Trust Europe AlphaDEX Fund by 305.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 474 shares of the company’s stock worth $26,000 after buying an additional 357 shares during the last quarter. Western Wealth Management LLC acquired a new position in First Trust Europe AlphaDEX Fund during the first quarter worth approximately $26,000. NewEdge Advisors LLC acquired a new position in First Trust Europe AlphaDEX Fund during the second quarter worth approximately $51,000. Flagship Harbor Advisors LLC acquired a new position in First Trust Europe AlphaDEX Fund during the fourth quarter worth approximately $61,000. Finally, Rossby Financial LCC increased its position in First Trust Europe AlphaDEX Fund by 32.5% during the third quarter. Rossby Financial LCC now owns 1,257 shares of the company’s stock worth $65,000 after buying an additional 308 shares during the last quarter.

First Trust Europe AlphaDEX Fund Stock Up 0.4%

Shares of NASDAQ FEP opened at $59.47 on Friday. The business’s 50 day moving average price is $58.24 and its two-hundred day moving average price is $56.12. The company has a market cap of $526.31 million, a PE ratio of -90.11 and a beta of 0.89. First Trust Europe AlphaDEX Fund has a twelve month low of $46.21 and a twelve month high of $60.77.

First Trust Europe AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.0762 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, March 26th. First Trust Europe AlphaDEX Fund’s payout ratio is -265.15%.

About First Trust Europe AlphaDEX Fund

The First Trust Europe AlphaDEX Fund (FEP) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Europe index. The fund tracks a tiered equal-weighted index of 200 companies selected from the S&P Europe BMI based on the S&P’s AlphaDex selection methodology. FEP was launched on Apr 18, 2011 and is managed by First Trust.