First Trust Eurozone AlphaDEX ETF (NASDAQ:FEUZ) Sees Large Drop in Short Interest

First Trust Eurozone AlphaDEX ETF (NASDAQ:FEUZ) saw a large decline in short interest in September. As of September 15th, there was short interest totaling 3,514 shares, a decline 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 currently 1.7 days. Currently, 0.2% of the shares of the stock are sold short.

First Trust Eurozone AlphaDEX ETF Trading Down 1.5%

First Trust Eurozone AlphaDEX ETF stock traded down $0.98 during mid-day trading on Tuesday, hitting $64.96. The stock had a trading volume of 997 shares, compared to its average volume of 12,115. First Trust Eurozone AlphaDEX ETF has a one year low of $57.01 and a one year high of $73.02. The firm has a market capitalization of $116.93 million, a P/E ratio of 11.07 and a beta of 0.87. The firm’s 50 day moving average is $67.69 and its 200 day moving average is $66.66.

First Trust Eurozone AlphaDEX ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th will be given a $0.4126 dividend. The ex-dividend date is Thursday, September 24th. This is a negative change from First Trust Eurozone AlphaDEX ETF’s previous quarterly dividend of $1.0851. This represents a $1.65 annualized dividend and a dividend yield of 2.5%.

Institutional Trading of First Trust Eurozone AlphaDEX ETF

Several institutional investors have recently made changes to their positions in FEUZ. IFP Advisors Inc lifted its position in shares of First Trust Eurozone AlphaDEX ETF by 48.0% in the fourth quarter. IFP Advisors Inc now owns 604 shares of the company’s stock worth $37,000 after buying an additional 196 shares in the last quarter. Royal Bank of Canada purchased a new position in First Trust Eurozone AlphaDEX ETF during the 1st quarter valued at approximately $46,000. Montag A & Associates Inc. purchased a new position in First Trust Eurozone AlphaDEX ETF during the 1st quarter valued at approximately $200,000. Hyposwiss Advisors SA bought a new stake in First Trust Eurozone AlphaDEX ETF in the 4th quarter worth approximately $288,000. Finally, Rathbones Group PLC increased its stake in 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 acquiring an additional 8,901 shares during the last quarter.

About First Trust Eurozone AlphaDEX ETF

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.