First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Sees Significant Drop in Short Interest

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

Institutional Trading of First Trust Europe AlphaDEX Fund

Several hedge funds have recently bought and sold shares of the stock. CX Institutional acquired a new stake in shares of First Trust Europe AlphaDEX Fund during the third quarter worth $51,000. NewEdge Advisors LLC bought a new position in shares of First Trust Europe AlphaDEX Fund in the 2nd quarter valued at about $51,000. Flagship Harbor Advisors LLC bought a new position in First Trust Europe AlphaDEX Fund in the fourth quarter valued at approximately $61,000. Rossby Financial LCC boosted its holdings 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 buying an additional 308 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in First Trust Europe AlphaDEX Fund by 199.0% in the first quarter. Jones Financial Companies Lllp now owns 1,818 shares of the company’s stock valued at $74,000 after acquiring an additional 1,210 shares during the last quarter.

First Trust Europe AlphaDEX Fund Stock Performance

FEP stock traded down $0.09 during midday trading on Thursday, hitting $57.75. 10,504 shares of the company’s stock were exchanged, compared to its average volume of 28,117. The stock’s fifty day moving average price is $53.64 and its 200-day moving average price is $51.38. The company has a market cap of $450.45 million, a PE ratio of -87.50 and a beta of 0.98. First Trust Europe AlphaDEX Fund has a one year low of $33.02 and a one year high of $58.51.

First Trust Europe AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.5446 per share. 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. This represents a $2.18 annualized dividend and a dividend yield of 3.8%. First Trust Europe AlphaDEX Fund’s dividend payout ratio (DPR) is presently -271.21%.

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.