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

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totalling 17,300 shares, a growth of 3,360.0% from the August 15th total of 500 shares. Based on an average daily trading volume, of 15,400 shares, the days-to-cover ratio is presently 1.1 days.

First Trust Europe AlphaDEX Fund Trading Up 0.5 %

FEP stock traded up $0.19 during midday trading on Thursday, hitting $37.63. 5,650 shares of the company’s stock were exchanged, compared to its average volume of 18,187. The stock has a market capitalization of $206.97 million, a price-to-earnings ratio of -56.80 and a beta of 1.09. The firm has a 50 day moving average price of $37.82 and a 200-day moving average price of $37.78. First Trust Europe AlphaDEX Fund has a 12-month low of $30.76 and a 12-month high of $39.86.

First Trust Europe AlphaDEX Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a $0.92 dividend. The ex-dividend date was Thursday, June 27th. This represents a $3.68 annualized dividend and a yield of 9.78%. First Trust Europe AlphaDEX Fund’s dividend payout ratio is presently -227.27%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FEP. Ashton Thomas Private Wealth LLC acquired a new position in shares of First Trust Europe AlphaDEX Fund in the 2nd quarter worth approximately $33,000. Great Valley Advisor Group Inc. bought a new position in First Trust Europe AlphaDEX Fund during the second quarter worth $217,000. IFG Advisory LLC bought a new stake in First Trust Europe AlphaDEX Fund during the second quarter valued at $228,000. RFG Advisory LLC increased its stake in First Trust Europe AlphaDEX Fund by 11.2% during the second quarter. RFG Advisory LLC now owns 6,499 shares of the company’s stock valued at $239,000 after purchasing an additional 654 shares during the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of First Trust Europe AlphaDEX Fund during the fourth quarter worth $249,000.

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.