First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Shares Shorted: Short Interest Up 78.3% in September

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 61,611 shares, an increase of 78.3% from the August 31st total of 34,556 shares. Based on an average trading volume of 11,766 shares, the days-to-cover ratio is presently 5.2 days. Currently, 0.7% of the company’s shares are short sold.

First Trust Europe AlphaDEX Fund Stock Down 1.9%

Shares of FEP stock traded down $1.05 during trading hours on Thursday, hitting $55.35. 8,014 shares of the company were exchanged, compared to its average volume of 30,678. The firm has a fifty day moving average of $59.31 and a 200 day moving average of $58.04. First Trust Europe AlphaDEX Fund has a 1 year low of $49.11 and a 1 year high of $61.07. The firm has a market cap of $498.19 million, a PE ratio of -83.87 and a beta of 0.90.

First Trust Europe AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a dividend of $0.3254 per share. This represents a $1.30 annualized dividend and a yield of 2.4%. This is a negative change from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.7986. The ex-dividend date of this dividend was Thursday, September 24th. First Trust Europe AlphaDEX Fund’s dividend payout ratio (DPR) is currently -263.64%.

Institutional Trading of First Trust Europe AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in FEP. First Trust Advisors LP boosted its holdings in First Trust Europe AlphaDEX Fund by 52.5% in the first quarter. First Trust Advisors LP now owns 1,079,715 shares of the company’s stock valued at $58,963,000 after acquiring an additional 371,900 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of First Trust Europe AlphaDEX Fund by 3.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 298,459 shares of the company’s stock valued at $17,027,000 after purchasing an additional 9,002 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of First Trust Europe AlphaDEX Fund by 2.4% during the 1st quarter. Cetera Investment Advisers now owns 204,533 shares of the company’s stock worth $11,170,000 after purchasing an additional 4,869 shares during the period. Assetmark Inc. grew its holdings in shares of First Trust Europe AlphaDEX Fund by 6.7% during the 1st quarter. Assetmark Inc. now owns 123,126 shares of the company’s stock worth $6,724,000 after purchasing an additional 7,765 shares during the period. Finally, Bank of America Corp DE increased its position in First Trust Europe AlphaDEX Fund by 9.0% during the 1st quarter. Bank of America Corp DE now owns 120,815 shares of the company’s stock worth $6,598,000 after purchasing an additional 9,965 shares in 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.