Short Interest in First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Declines By 18.3%

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the target of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 74,152 shares, a drop of 18.3% from the February 26th total of 90,810 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average daily trading volume, of 52,947 shares, the short-interest ratio is currently 1.4 days.

First Trust Europe AlphaDEX Fund Stock Up 1.2%

Shares of FEP traded up $0.65 during trading hours on Wednesday, reaching $55.26. 33,139 shares of the company traded hands, compared to its average volume of 45,074. The stock has a market capitalization of $431.03 million, a P/E ratio of -83.73 and a beta of 0.98. The business has a fifty day moving average price of $56.35 and a 200-day moving average price of $53.55. First Trust Europe AlphaDEX Fund has a 12-month low of $33.02 and a 12-month high of $59.39.

First Trust Europe AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.0762 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, March 26th. First Trust Europe AlphaDEX Fund’s dividend payout ratio (DPR) is presently -265.15%.

Institutional Investors Weigh In On First Trust Europe AlphaDEX Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp raised its position in First Trust Europe AlphaDEX Fund by 199.0% during the first quarter. Jones Financial Companies Lllp now owns 1,818 shares of the company’s stock valued at $74,000 after acquiring an additional 1,210 shares in the last quarter. Jane Street Group LLC lifted its stake in shares of First Trust Europe AlphaDEX Fund by 165.4% in the 1st quarter. Jane Street Group LLC now owns 39,786 shares of the company’s stock valued at $1,624,000 after purchasing an additional 24,794 shares during the period. JPMorgan Chase & Co. boosted its holdings in First Trust Europe AlphaDEX Fund by 48.5% during the second quarter. JPMorgan Chase & Co. now owns 1,930 shares of the company’s stock worth $92,000 after buying an additional 630 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in First Trust Europe AlphaDEX Fund by 4,334.4% during the second quarter. Steward Partners Investment Advisory LLC now owns 45,674 shares of the company’s stock valued at $2,183,000 after buying an additional 44,644 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of First Trust Europe AlphaDEX Fund by 1,296.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,853 shares of the company’s stock worth $184,000 after acquiring an additional 3,577 shares during the period.

About First Trust Europe AlphaDEX Fund

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.