First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Shares Shorted: Short Interest Down 88.5% in October

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the recipient of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 20,315 shares, a decline of 88.5% from the September 30th total of 177,042 shares. Based on an average daily volume of 37,836 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FEP. First Trust Advisors LP raised its holdings in First Trust Europe AlphaDEX Fund by 52.5% in the 1st 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 period. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Europe AlphaDEX Fund by 3.1% during the second quarter. Envestnet Asset Management Inc. now owns 298,459 shares of the company’s stock worth $17,027,000 after acquiring an additional 9,002 shares during the period. Cetera Investment Advisers grew its position in shares of First Trust Europe AlphaDEX Fund by 2.4% in the first quarter. Cetera Investment Advisers now owns 204,533 shares of the company’s stock valued at $11,170,000 after purchasing an additional 4,869 shares during the last quarter. Vontobel Holding Ltd. acquired a new position in shares of First Trust Europe AlphaDEX Fund in the third quarter valued at approximately $7,955,000. Finally, Assetmark Inc. increased its stake in shares of First Trust Europe AlphaDEX Fund by 6.7% during the first 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.

First Trust Europe AlphaDEX Fund Trading Up 0.5%

Shares of NASDAQ:FEP traded up $0.28 on Tuesday, hitting $56.24. The company had a trading volume of 6,893 shares, compared to its average volume of 31,039. The stock has a market cap of $486.50 million, a price-to-earnings ratio of -85.06 and a beta of 0.90. The stock has a 50 day moving average price of $58.17 and a 200 day moving average price of $57.61. First Trust Europe AlphaDEX Fund has a 1-year low of $49.11 and a 1-year high of $61.07.

First Trust Europe AlphaDEX Fund Cuts Dividend

The business 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. This represents a $1.30 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, September 24th. This is a negative change from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.7986. First Trust Europe AlphaDEX Fund’s payout ratio is presently -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.