First Trust Eurozone AlphaDEX ETF (NASDAQ:FEUZ) Sees Large Drop in Short Interest

First Trust Eurozone AlphaDEX ETF (NASDAQ:FEUZ) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 3,514 shares, a decline of 50.1% from the August 31st total of 7,045 shares. Based on an average daily volume of 2,014 shares, the short-interest ratio is currently 1.7 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Trading of First Trust Eurozone AlphaDEX ETF

Several hedge funds have recently made changes to their positions in FEUZ. First Trust Advisors LP lifted its holdings in shares of First Trust Eurozone AlphaDEX ETF by 52.4% in the 1st quarter. First Trust Advisors LP now owns 937,185 shares of the company’s stock valued at $58,359,000 after acquiring an additional 322,123 shares during the last quarter. Rathbones Group PLC raised its position in First Trust Eurozone AlphaDEX ETF by 8.6% during the first quarter. Rathbones Group PLC now owns 112,758 shares of the company’s stock valued at $7,021,000 after purchasing an additional 8,901 shares during the period. Hyposwiss Advisors SA purchased a new stake in First Trust Eurozone AlphaDEX ETF during the fourth quarter valued at approximately $288,000. Montag A & Associates Inc. bought a new stake in shares of First Trust Eurozone AlphaDEX ETF in the 1st quarter valued at approximately $200,000. Finally, Royal Bank of Canada bought a new stake in shares of First Trust Eurozone AlphaDEX ETF in the 1st quarter valued at approximately $46,000.

First Trust Eurozone AlphaDEX ETF Stock Down 1.5%

First Trust Eurozone AlphaDEX ETF stock traded down $0.98 during mid-day trading on Tuesday, reaching $64.96. 997 shares of the company’s stock traded hands, compared to its average volume of 12,115. The company has a market cap of $116.93 million, a price-to-earnings ratio of 11.07 and a beta of 0.87. The stock has a 50 day moving average of $67.69 and a two-hundred day moving average of $66.66. First Trust Eurozone AlphaDEX ETF has a 12-month low of $57.01 and a 12-month high of $73.02.

First Trust Eurozone AlphaDEX ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th will be issued a $0.4126 dividend. This is a drop from First Trust Eurozone AlphaDEX ETF’s previous quarterly dividend of $1.0851. The ex-dividend date is Thursday, September 24th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 2.5%.

About First Trust Eurozone AlphaDEX ETF

The First Trust Eurozone AlphaDEX ETF (FEUZ) is an exchange-traded fund that is based on the Nasdaq AlphaDex Eurozone index. The fund tracks an index of firms operating in the Eurozone, selected by growth and value factors and equal-weighted within tiers. FEUZ was launched on Oct 22, 2014 and is managed by First Trust.