First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Short Interest Update

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 33,013 shares, a growth of 58.5% from the December 15th total of 20,829 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 89,094 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 89,094 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the company’s shares are sold short.

Institutional Trading of First Trust Europe AlphaDEX Fund

Several hedge funds have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its holdings in shares of First Trust Europe AlphaDEX Fund by 199.0% during the 1st quarter. Jones Financial Companies Lllp now owns 1,818 shares of the company’s stock worth $74,000 after buying an additional 1,210 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of First Trust Europe AlphaDEX Fund by 165.4% during the first quarter. Jane Street Group LLC now owns 39,786 shares of the company’s stock valued at $1,624,000 after purchasing an additional 24,794 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of First Trust Europe AlphaDEX Fund by 22.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 266,756 shares of the company’s stock worth $12,764,000 after purchasing an additional 49,790 shares during the last quarter. Traction Financial Partners LLC acquired a new position in shares of First Trust Europe AlphaDEX Fund in the second quarter valued at approximately $287,000. Finally, ORG Partners LLC increased its position in First Trust Europe AlphaDEX Fund by 150.0% in the 2nd quarter. ORG Partners LLC now owns 2,000 shares of the company’s stock valued at $95,000 after acquiring an additional 1,200 shares during the period.

First Trust Europe AlphaDEX Fund Trading Up 0.4%

Shares of NASDAQ:FEP traded up $0.23 during midday trading on Friday, hitting $55.51. The company had a trading volume of 24,529 shares, compared to its average volume of 32,657. First Trust Europe AlphaDEX Fund has a 12 month low of $33.02 and a 12 month high of $55.56. The firm has a fifty day simple moving average of $52.67 and a 200 day simple moving average of $50.83. The stock has a market cap of $427.43 million, a price-to-earnings ratio of -84.11 and a beta of 0.98.

First Trust Europe AlphaDEX Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.5446 dividend. 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 annualized dividend and a yield of 3.9%. First Trust Europe AlphaDEX Fund’s dividend payout ratio (DPR) is -271.21%.

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.