First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Sees Significant Increase in Short Interest

First Trust Europe AlphaDEX Fund (NASDAQ:FEP - Get Free Report) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 31,700 shares, an increase of 86.5% from the February 28th total of 17,000 shares. Based on an average trading volume of 35,600 shares, the short-interest ratio is currently 0.9 days. Approximately 0.6% of the company's stock are sold short.

Institutional Investors Weigh In On First Trust Europe AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Synergy Investment Management LLC purchased a new position in shares of First Trust Europe AlphaDEX Fund during the 4th quarter valued at $86,000. Tucker Asset Management LLC boosted its position in First Trust Europe AlphaDEX Fund by 63.3% during the fourth quarter. Tucker Asset Management LLC now owns 2,467 shares of the company's stock valued at $88,000 after purchasing an additional 956 shares during the last quarter. JPMorgan Chase & Co. grew its stake in 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 valued at $90,000 after purchasing an additional 1,001 shares in the last quarter. Principal Securities Inc. increased its position in First Trust Europe AlphaDEX Fund by 22.4% in the 4th quarter. Principal Securities Inc. now owns 2,875 shares of the company's stock worth $103,000 after purchasing an additional 527 shares during the last quarter. Finally, Armis Advisers LLC purchased a new stake in shares of First Trust Europe AlphaDEX Fund during the 4th quarter worth about $200,000.

First Trust Europe AlphaDEX Fund Trading Up 0.6 %

NASDAQ:FEP traded up $0.24 on Wednesday, hitting $41.18. 59,018 shares of the company's stock traded hands, compared to its average volume of 22,064. The firm has a 50-day moving average price of $40.04 and a 200-day moving average price of $38.20. The company has a market cap of $212.08 million, a PE ratio of -62.39 and a beta of 1.09. First Trust Europe AlphaDEX Fund has a 1 year low of $35.04 and a 1 year high of $43.15.

First Trust Europe AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.1115 per share. This represents a $0.45 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Thursday, March 27th. First Trust Europe AlphaDEX Fund's payout ratio is presently -240.91%.

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.