First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Short Interest Up 72.3% in January

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the recipient of a large increase in short interest in January. As of January 30th, there was short interest totaling 24,915 shares, an increase of 72.3% from the January 15th total of 14,458 shares. Based on an average daily volume of 23,710 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 23,710 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its position in shares of First Trust Europe AlphaDEX Fund by 199.0% in the 1st quarter. Jones Financial Companies Lllp now owns 1,818 shares of the company’s stock worth $74,000 after purchasing an additional 1,210 shares during the last quarter. Jane Street Group LLC grew its stake in First Trust Europe AlphaDEX Fund by 165.4% in the first quarter. Jane Street Group LLC now owns 39,786 shares of the company’s stock worth $1,624,000 after purchasing an additional 24,794 shares in the last quarter. Apollon Wealth Management LLC acquired a new position in First Trust Europe AlphaDEX Fund in the second quarter worth about $220,000. Harbour Investments Inc. increased its holdings in First Trust Europe AlphaDEX Fund by 12.7% in the second quarter. Harbour Investments Inc. now owns 6,193 shares of the company’s stock valued at $296,000 after buying an additional 699 shares during the last quarter. Finally, BlueChip Wealth Advisors LLC acquired a new stake in First Trust Europe AlphaDEX Fund during the second quarter valued at approximately $208,000.

First Trust Europe AlphaDEX Fund Trading Down 0.2%

FEP stock traded down $0.12 during midday trading on Friday, hitting $57.67. 429,229 shares of the company’s stock were exchanged, compared to its average volume of 36,629. The firm has a 50 day moving average price of $55.15 and a 200-day moving average price of $52.08. First Trust Europe AlphaDEX Fund has a 12-month low of $33.02 and a 12-month high of $58.99. The stock has a market capitalization of $449.83 million, a price-to-earnings ratio of -87.38 and a beta of 0.98.

First Trust Europe AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.5446 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.8%. This is a boost from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, December 12th. First Trust Europe AlphaDEX Fund’s payout ratio is presently -271.21%.

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.