First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Short Interest Down 77.4% in February

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) saw a significant decline in short interest in February. As of February 27th, there was short interest totaling 90,810 shares, a decline of 77.4% from the February 12th total of 401,817 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 48,575 shares, the short-interest ratio is presently 1.9 days. Based on an average daily trading volume, of 48,575 shares, the short-interest ratio is presently 1.9 days. Currently, 1.2% of the company’s stock are sold short.

First Trust Europe AlphaDEX Fund Stock Performance

First Trust Europe AlphaDEX Fund stock traded up $0.11 during mid-day trading on Tuesday, reaching $55.21. 35,986 shares of the company were exchanged, compared to its average volume of 50,206. The firm has a market cap of $430.64 million, a P/E ratio of -83.65 and a beta of 0.98. The business has a fifty day moving average of $56.73 and a 200 day moving average of $53.11. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.5446 per share. This is an increase from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, December 12th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.9%. First Trust Europe AlphaDEX Fund’s dividend payout ratio (DPR) is currently -271.21%.

Hedge Funds Weigh In On First Trust Europe AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FEP. Smartleaf Asset Management LLC lifted its position in shares of 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 valued at $26,000 after buying an additional 357 shares during the last quarter. CX Institutional bought a new stake in shares of First Trust Europe AlphaDEX Fund in the 3rd quarter valued at about $51,000. NewEdge Advisors LLC purchased a new position in shares of First Trust Europe AlphaDEX Fund in the 2nd quarter worth approximately $51,000. Flagship Harbor Advisors LLC purchased a new position in shares of First Trust Europe AlphaDEX Fund in the 4th quarter worth approximately $61,000. Finally, Rossby Financial LCC lifted its position 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 valued at $65,000 after acquiring an additional 308 shares during 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.