Short Interest in First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Rises By 92.9%

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 2,700 shares, an increase of 92.9% from the February 29th total of 1,400 shares. Based on an average trading volume of 21,100 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of First Trust Europe AlphaDEX Fund

A number of large investors have recently bought and sold shares of FEP. Virtue Capital Management LLC raised its stake in shares of First Trust Europe AlphaDEX Fund by 31.5% during the fourth quarter. Virtue Capital Management LLC now owns 11,639 shares of the company’s stock worth $420,000 after purchasing an additional 2,791 shares during the last quarter. OLD Mission Capital LLC increased its stake in shares of First Trust Europe AlphaDEX Fund by 192.7% during the fourth quarter. OLD Mission Capital LLC now owns 53,660 shares of the company’s stock worth $1,949,000 after acquiring an additional 35,330 shares during the period. Kestra Advisory Services LLC raised its holdings in First Trust Europe AlphaDEX Fund by 2.5% during the fourth quarter. Kestra Advisory Services LLC now owns 17,625 shares of the company’s stock worth $640,000 after purchasing an additional 438 shares in the last quarter. Orion Portfolio Solutions LLC lifted its position in First Trust Europe AlphaDEX Fund by 8.6% in the fourth quarter. Orion Portfolio Solutions LLC now owns 18,187 shares of the company’s stock valued at $662,000 after purchasing an additional 1,436 shares during the period. Finally, Assetmark Inc. increased its position in First Trust Europe AlphaDEX Fund by 43.4% during the 4th quarter. Assetmark Inc. now owns 43,900 shares of the company’s stock worth $1,594,000 after purchasing an additional 13,280 shares during the period.

First Trust Europe AlphaDEX Fund Stock Down 0.6 %

First Trust Europe AlphaDEX Fund stock traded down $0.23 during midday trading on Thursday, reaching $37.58. The company’s stock had a trading volume of 15,852 shares, compared to its average volume of 21,721. The company has a market cap of $231.12 million, a P/E ratio of -56.94 and a beta of 1.09. First Trust Europe AlphaDEX Fund has a fifty-two week low of $30.76 and a fifty-two week high of $37.82. The business has a 50-day simple moving average of $36.16 and a 200-day simple moving average of $34.75.

First Trust Europe AlphaDEX Fund Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd will be issued a $0.2853 dividend. The ex-dividend date is Thursday, March 21st. This represents a $1.14 dividend on an annualized basis and a dividend yield of 3.04%. First Trust Europe AlphaDEX Fund’s payout ratio is -222.73%.

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.