Short Interest in First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Grows By 72.3%

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the recipient of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 24,915 shares, a growth of 72.3% from the January 15th total of 14,458 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 23,710 shares, the days-to-cover ratio is currently 1.1 days. Based on an average daily trading volume, of 23,710 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.3% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust Europe AlphaDEX Fund

A number of hedge funds have recently modified their holdings of the stock. Smartleaf Asset Management LLC boosted its stake in First Trust Europe AlphaDEX Fund by 305.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 474 shares of the company’s stock valued at $26,000 after buying an additional 357 shares in the last quarter. CX Institutional bought a new position in shares of First Trust Europe AlphaDEX Fund during the third quarter valued at $51,000. NewEdge Advisors LLC acquired a new stake in shares of First Trust Europe AlphaDEX Fund in the 2nd quarter valued at $51,000. Flagship Harbor Advisors LLC bought a new stake in shares of First Trust Europe AlphaDEX Fund in the 4th quarter worth about $61,000. Finally, Rossby Financial LCC grew its holdings in shares of First Trust Europe AlphaDEX Fund by 32.5% in the 3rd quarter. Rossby Financial LCC now owns 1,257 shares of the company’s stock worth $65,000 after purchasing an additional 308 shares during the last quarter.

First Trust Europe AlphaDEX Fund Stock Performance

Shares of NASDAQ:FEP traded down $0.12 during midday trading on Friday, reaching $57.67. 429,232 shares of the company’s stock were exchanged, compared to its average volume of 47,374. The company’s 50 day simple moving average is $55.26 and its two-hundred day simple moving average is $52.15. First Trust Europe AlphaDEX Fund has a 12 month low of $33.02 and a 12 month high of $58.99. The firm has a market capitalization of $449.83 million, a PE ratio of -87.38 and a beta of 0.98.

First Trust Europe AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a dividend of $0.5446 per share. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.18. This represents a $2.18 dividend on an annualized basis and a yield of 3.8%. First Trust Europe AlphaDEX Fund’s dividend payout ratio (DPR) is presently -271.21%.

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.