Short Interest in First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Expands By 86.5%

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 31,700 shares, an increase of 86.5% from the February 28th total of 17,000 shares. Based on an average daily volume of 35,600 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.6% of the company’s stock are short sold.

First Trust Europe AlphaDEX Fund Stock Down 1.2 %

FEP traded down $0.51 on Friday, reaching $41.38. The company’s stock had a trading volume of 67,469 shares, compared to its average volume of 21,696. The company has a market capitalization of $213.11 million, a price-to-earnings ratio of -62.70 and a beta of 1.09. First Trust Europe AlphaDEX Fund has a fifty-two week low of $35.04 and a fifty-two week high of $43.15. The stock has a 50 day moving average of $39.81 and a two-hundred day moving average of $38.13.

First Trust Europe AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a $0.1115 dividend. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.45 annualized dividend and a dividend yield of 1.08%. First Trust Europe AlphaDEX Fund’s dividend payout ratio (DPR) is currently -240.91%.

Institutional Investors Weigh In On First Trust Europe AlphaDEX Fund

Several large investors have recently modified their holdings of the stock. Benjamin Edwards Inc. increased its stake in First Trust Europe AlphaDEX Fund by 702.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 16,451 shares of the company’s stock valued at $641,000 after buying an additional 14,401 shares during the period. HighTower Advisors LLC acquired a new position in shares of First Trust Europe AlphaDEX Fund during the third quarter worth about $210,000. Pinnacle Family Advisors LLC purchased a new position in First Trust Europe AlphaDEX Fund during the third quarter worth about $209,000. Orion Portfolio Solutions LLC lifted its position in First Trust Europe AlphaDEX Fund by 14.0% in the third quarter. Orion Portfolio Solutions LLC now owns 30,087 shares of the company’s stock valued at $1,172,000 after purchasing an additional 3,697 shares during the period. Finally, MML Investors Services LLC boosted its holdings in First Trust Europe AlphaDEX Fund by 9.3% in the 3rd quarter. MML Investors Services LLC now owns 36,814 shares of the company’s stock valued at $1,434,000 after purchasing an additional 3,123 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.