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

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the recipient of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 17,000 shares, a growth of 120.8% from the February 13th total of 7,700 shares. Based on an average trading volume of 31,000 shares, the short-interest ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are short sold.

First Trust Europe AlphaDEX Fund Trading Up 2.6 %

Shares of FEP traded up $1.08 during trading hours on Friday, hitting $42.18. 24,098 shares of the stock traded hands, compared to its average volume of 32,169. First Trust Europe AlphaDEX Fund has a 1-year low of $35.04 and a 1-year high of $42.54. The firm has a market capitalization of $217.23 million, a PE ratio of -63.91 and a beta of 1.09. The business has a fifty day moving average of $38.44 and a 200-day moving average of $37.83.

Hedge Funds Weigh In On First Trust Europe AlphaDEX Fund

Several hedge funds have recently added to or reduced their stakes in FEP. Iams Wealth Management LLC raised its position in shares of First Trust Europe AlphaDEX Fund by 2.8% during the fourth quarter. Iams Wealth Management LLC now owns 16,833 shares of the company’s stock worth $603,000 after purchasing an additional 466 shares during the period. Park Avenue Securities LLC grew its holdings in shares of First Trust Europe AlphaDEX Fund by 12.1% during the fourth quarter. Park Avenue Securities LLC now owns 16,551 shares of the company’s stock worth $593,000 after buying an additional 1,784 shares in the last quarter. Pine Valley Investments Ltd Liability Co bought a new position in shares of First Trust Europe AlphaDEX Fund during the third quarter worth about $209,000. Sanctuary Advisors LLC grew its holdings in shares of First Trust Europe AlphaDEX Fund by 16.4% during the third quarter. Sanctuary Advisors LLC now owns 9,457 shares of the company’s stock worth $344,000 after buying an additional 1,330 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in shares of First Trust Europe AlphaDEX Fund during the third quarter worth about $210,000.

First Trust Europe AlphaDEX Fund Company Profile

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.