First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Shares Shorted: Short Interest Up 187.4% in September

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 177,042 shares, an increase of 187.4% from the September 15th total of 61,611 shares. Based on an average trading volume of 55,850 shares, the days-to-cover ratio is presently 3.2 days. Currently, 2.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC acquired a new stake in shares of First Trust Europe AlphaDEX Fund during the 1st quarter valued at about $26,000. Roxbury Financial LLC acquired a new stake in shares of First Trust Europe AlphaDEX Fund in the first quarter valued at about $100,000. Parallel Advisors LLC acquired a new position in shares of First Trust Europe AlphaDEX Fund during the first quarter worth approximately $130,000. Fifth Third Bancorp bought a new stake in First Trust Europe AlphaDEX Fund in the 1st quarter valued at $144,000. Finally, Tucker Asset Management LLC grew its position in First Trust Europe AlphaDEX Fund by 16.3% during the second quarter. Tucker Asset Management LLC now owns 3,231 shares of the company’s stock worth $184,000 after buying an additional 453 shares in the last quarter.

First Trust Europe AlphaDEX Fund Price Performance

Shares of First Trust Europe AlphaDEX Fund stock traded up $0.30 on Tuesday, hitting $55.92. The company had a trading volume of 14,340 shares, compared to its average volume of 31,385. The business has a 50-day simple moving average of $58.91 and a 200-day simple moving average of $58.16. The company has a market cap of $492.10 million, a PE ratio of -84.73 and a beta of 0.90. First Trust Europe AlphaDEX Fund has a 52 week low of $49.11 and a 52 week high of $61.07.

First Trust Europe AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a dividend of $0.3254 per share. The ex-dividend date was Thursday, September 24th. This is a negative change from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.7986. This represents a $1.30 dividend on an annualized basis and a yield of 2.3%. First Trust Europe AlphaDEX Fund’s payout ratio is -263.64%.

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.