First Trust Eurozone AlphaDEX ETF (NASDAQ:FEUZ) Stock Short Interest Declines 50.1%

First Trust Eurozone AlphaDEX ETF (NASDAQ:FEUZ) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 3,514 shares, a drop of 50.1% from the August 31st total of 7,045 shares. Based on an average daily trading volume, of 2,014 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Trading of First Trust Eurozone AlphaDEX ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FEUZ. Rathbones Group PLC boosted its position in shares of First Trust Eurozone AlphaDEX ETF by 8.6% in the 1st quarter. Rathbones Group PLC now owns 112,758 shares of the company’s stock worth $7,021,000 after purchasing an additional 8,901 shares during the last quarter. Royal Bank of Canada bought a new position in shares of First Trust Eurozone AlphaDEX ETF in the 1st quarter valued at about $46,000. First Trust Advisors LP raised its stake in shares of First Trust Eurozone AlphaDEX ETF by 52.4% during the 1st quarter. First Trust Advisors LP now owns 937,185 shares of the company’s stock worth $58,359,000 after purchasing an additional 322,123 shares in the last quarter. Montag A & Associates Inc. bought a new position in shares of First Trust Eurozone AlphaDEX ETF in the 1st quarter valued at about $200,000. Finally, Hyposwiss Advisors SA bought a new position in shares of First Trust Eurozone AlphaDEX ETF during the 4th quarter worth approximately $288,000.

First Trust Eurozone AlphaDEX ETF Stock Down 2.3%

First Trust Eurozone AlphaDEX ETF stock traded down $1.48 during trading hours on Thursday, hitting $62.83. The stock had a trading volume of 6,990 shares, compared to its average volume of 11,972. The company has a 50-day moving average of $67.60 and a two-hundred day moving average of $66.69. First Trust Eurozone AlphaDEX ETF has a fifty-two week low of $57.01 and a fifty-two week high of $73.02. The company has a market cap of $113.09 million, a PE ratio of 11.07 and a beta of 0.87.

First Trust Eurozone AlphaDEX ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.4126 dividend. This represents a $1.65 dividend on an annualized basis and a yield of 2.6%. This is a drop from First Trust Eurozone AlphaDEX ETF’s previous quarterly dividend of $1.0851. The ex-dividend date was Thursday, September 24th.

First Trust Eurozone AlphaDEX ETF Company Profile

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.