Short Interest in First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Increases By 120.8%

First Trust Europe AlphaDEX Fund (NASDAQ:FEP - Get Free Report) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 17,000 shares, a growth of 120.8% from the February 13th total of 7,700 shares. Based on an average daily trading volume, of 31,000 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.3% of the company's shares are sold short.

Institutional Trading of First Trust Europe AlphaDEX Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Synergy Investment Management LLC acquired a new position in shares of First Trust Europe AlphaDEX Fund in the fourth quarter valued at approximately $86,000. Tucker Asset Management LLC boosted its position in First Trust Europe AlphaDEX Fund by 63.3% in the 4th quarter. Tucker Asset Management LLC now owns 2,467 shares of the company's stock valued at $88,000 after buying an additional 956 shares during the period. JPMorgan Chase & Co. grew its stake in shares of First Trust Europe AlphaDEX Fund by 76.6% in the third quarter. JPMorgan Chase & Co. now owns 2,307 shares of the company's stock worth $90,000 after acquiring an additional 1,001 shares in the last quarter. Principal Securities Inc. grew its stake in shares of First Trust Europe AlphaDEX Fund by 22.4% in the fourth quarter. Principal Securities Inc. now owns 2,875 shares of the company's stock worth $103,000 after acquiring an additional 527 shares in the last quarter. Finally, Armis Advisers LLC purchased a new stake in shares of First Trust Europe AlphaDEX Fund during the fourth quarter worth $200,000.

First Trust Europe AlphaDEX Fund Price Performance

Shares of FEP stock traded up $0.36 on Tuesday, hitting $42.94. The stock had a trading volume of 35,358 shares, compared to its average volume of 19,595. The company's 50 day moving average price is $38.70 and its 200-day moving average price is $37.87. First Trust Europe AlphaDEX Fund has a 1 year low of $35.04 and a 1 year high of $42.97. The firm has a market capitalization of $221.14 million, a P/E ratio of -65.06 and a beta of 1.09.

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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.