Short Interest in First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Declines By 5.7%

First Trust Europe AlphaDEX Fund (NASDAQ:FEP - Get Free Report) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 15,000 shares, a drop of 5.7% from the October 31st total of 15,900 shares. Based on an average trading volume of 12,300 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FEP. Sanctuary Advisors LLC raised its position in shares of First Trust Europe AlphaDEX Fund by 16.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 9,457 shares of the company's stock valued at $344,000 after acquiring an additional 1,330 shares during the period. Pine Valley Investments Ltd Liability Co acquired a new position in shares of First Trust Europe AlphaDEX Fund in the 3rd quarter valued at $209,000. MML Investors Services LLC increased its position in shares of First Trust Europe AlphaDEX Fund by 9.3% in the 3rd quarter. MML Investors Services LLC now owns 36,814 shares of the company's stock valued at $1,434,000 after buying an additional 3,123 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in First Trust Europe AlphaDEX Fund by 14.0% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 30,087 shares of the company's stock worth $1,172,000 after buying an additional 3,697 shares during the period. Finally, Pinnacle Family Advisors LLC acquired a new position in First Trust Europe AlphaDEX Fund in the third quarter valued at about $209,000.

First Trust Europe AlphaDEX Fund Trading Up 0.5 %

NASDAQ:FEP traded up $0.17 during mid-day trading on Tuesday, hitting $36.99. The company's stock had a trading volume of 4,734 shares, compared to its average volume of 16,845. The stock has a fifty day moving average of $37.64 and a 200-day moving average of $37.97. The company has a market capitalization of $199.75 million, a price-to-earnings ratio of -55.79 and a beta of 1.09. First Trust Europe AlphaDEX Fund has a fifty-two week low of $34.56 and a fifty-two week high of $39.86.

First Trust Europe AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.2959 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date was Thursday, September 26th. First Trust Europe AlphaDEX Fund's dividend payout ratio is currently -257.58%.

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.