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

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

First Trust Europe AlphaDEX Fund Trading Up 0.4%

Shares of FEP traded up $0.21 during midday trading on Friday, reaching $59.47. The stock had a trading volume of 13,823 shares, compared to its average volume of 34,317. The company’s 50-day moving average is $58.24 and its 200 day moving average is $56.17. First Trust Europe AlphaDEX Fund has a 12-month low of $46.21 and a 12-month high of $60.77. The company has a market capitalization of $526.31 million, a price-to-earnings ratio of -90.11 and a beta of 0.89.

First Trust Europe AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.0762 dividend. This represents a $0.30 dividend on an annualized basis and a dividend 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%.

Institutional Investors Weigh In On First Trust Europe AlphaDEX Fund

A number of hedge funds and other institutional investors have recently modified their holdings of FEP. Western Wealth Management LLC bought a new stake in shares of First Trust Europe AlphaDEX Fund in the 1st quarter valued at about $26,000. Smartleaf Asset Management LLC lifted its stake in shares of First Trust Europe AlphaDEX Fund by 305.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 474 shares of the company’s stock valued at $26,000 after acquiring an additional 357 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of First Trust Europe AlphaDEX Fund in the 2nd quarter valued at about $51,000. Flagship Harbor Advisors LLC bought a new stake in shares of First Trust Europe AlphaDEX Fund in the 4th quarter valued at about $61,000. Finally, Rossby Financial LCC lifted its stake in shares of First Trust Europe AlphaDEX Fund by 32.5% in the 3rd quarter. Rossby Financial LCC now owns 1,257 shares of the company’s stock valued at $65,000 after acquiring an additional 308 shares during the last quarter.

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.