Short Interest in First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Drops By 56.2%

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totaling 14,458 shares, a decline of 56.2% from the December 31st total of 33,013 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 33,109 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 33,109 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

First Trust Europe AlphaDEX Fund Trading Down 1.6%

NASDAQ:FEP traded down $0.94 on Friday, reaching $57.06. 26,892 shares of the stock traded hands, compared to its average volume of 28,635. The company’s fifty day simple moving average is $53.96 and its 200 day simple moving average is $51.48. First Trust Europe AlphaDEX Fund has a 12 month low of $33.02 and a 12 month high of $58.51. The company has a market capitalization of $445.07 million, a price-to-earnings ratio of -86.45 and a beta of 0.98.

First Trust Europe AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.5446 per share. This is an increase from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.18. This represents a $2.18 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Friday, December 12th. First Trust Europe AlphaDEX Fund’s dividend payout ratio (DPR) is -271.21%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CX Institutional purchased a new position in shares of First Trust Europe AlphaDEX Fund during the 3rd quarter worth about $51,000. NewEdge Advisors LLC purchased a new stake in First Trust Europe AlphaDEX Fund in the second quarter valued at approximately $51,000. Flagship Harbor Advisors LLC purchased a new stake in shares of First Trust Europe AlphaDEX Fund in the fourth quarter worth about $61,000. Rossby Financial LCC increased its holdings in First Trust Europe AlphaDEX Fund by 32.5% in the third quarter. Rossby Financial LCC now owns 1,257 shares of the company’s stock valued at $65,000 after buying an additional 308 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of First Trust Europe AlphaDEX Fund by 199.0% during the 1st quarter. Jones Financial Companies Lllp now owns 1,818 shares of the company’s stock valued at $74,000 after buying an additional 1,210 shares in 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.