Short Interest in First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Declines By 7.6%

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totalling 15,900 shares, a decline of 7.6% from the September 15th total of 17,200 shares. Based on an average daily trading volume, of 11,200 shares, the days-to-cover ratio is currently 1.4 days.

First Trust Europe AlphaDEX Fund Stock Performance

First Trust Europe AlphaDEX Fund stock traded down $0.02 during midday trading on Thursday, hitting $38.18. 12,017 shares of the company’s stock were exchanged, compared to its average volume of 17,461. First Trust Europe AlphaDEX Fund has a 52-week low of $30.76 and a 52-week high of $39.86. The stock has a 50-day moving average price of $38.24 and a two-hundred day moving average price of $38.05. The company has a market cap of $208.08 million, a P/E ratio of -57.85 and a beta of 1.09.

First Trust Europe AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.2959 per share. This represents a $1.18 annualized dividend and a yield of 3.10%. The ex-dividend date was Thursday, September 26th. First Trust Europe AlphaDEX Fund’s payout ratio is -257.58%.

Hedge Funds Weigh In On First Trust Europe AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signature Estate & Investment Advisors LLC purchased a new position in First Trust Europe AlphaDEX Fund during the second quarter worth about $262,000. Atria Wealth Solutions Inc. boosted its holdings in shares of First Trust Europe AlphaDEX Fund by 2.2% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 23,731 shares of the company’s stock worth $874,000 after purchasing an additional 521 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of First Trust Europe AlphaDEX Fund by 1.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 25,892 shares of the company’s stock worth $953,000 after purchasing an additional 305 shares in the last quarter. Great Valley Advisor Group Inc. purchased a new position in shares of First Trust Europe AlphaDEX Fund in the 2nd quarter worth about $217,000. Finally, RFG Advisory LLC boosted its holdings in shares of First Trust Europe AlphaDEX Fund by 11.2% in the 2nd quarter. RFG Advisory LLC now owns 6,499 shares of the company’s stock worth $239,000 after purchasing an additional 654 shares in the last quarter.

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.