First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Short Interest Update

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 44,772 shares, a growth of 137.0% from the May 14th total of 18,888 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily volume of 17,467 shares, the short-interest ratio is presently 2.6 days.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FEP. Western Wealth Management LLC acquired a new position in First Trust Europe AlphaDEX Fund during the first quarter worth $26,000. Smartleaf Asset Management LLC lifted its stake in First Trust Europe AlphaDEX Fund by 305.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 474 shares of the company’s stock worth $26,000 after purchasing an additional 357 shares in the last quarter. NewEdge Advisors LLC acquired a new position in First Trust Europe AlphaDEX Fund during the second quarter worth $51,000. Flagship Harbor Advisors LLC acquired a new position in First Trust Europe AlphaDEX Fund during the fourth quarter worth $61,000. Finally, Rossby Financial LCC lifted its stake in First Trust Europe AlphaDEX Fund by 32.5% during the third quarter. Rossby Financial LCC now owns 1,257 shares of the company’s stock worth $65,000 after purchasing an additional 308 shares in the last quarter.

First Trust Europe AlphaDEX Fund Stock Performance

Shares of First Trust Europe AlphaDEX Fund stock opened at $59.47 on Monday. The firm has a market capitalization of $526.31 million, a price-to-earnings ratio of -90.11 and a beta of 0.89. First Trust Europe AlphaDEX Fund has a fifty-two week low of $46.21 and a fifty-two week high of $60.77. The stock has a 50 day moving average of $58.24 and a 200 day moving average of $56.17.

First Trust Europe AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a $0.0762 dividend. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, March 26th. First Trust Europe AlphaDEX Fund’s dividend payout ratio is presently -265.15%.

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.