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

First Trust Europe AlphaDEX Fund (NASDAQ:FEP - Get Free Report) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 9,300 shares, a drop of 59.9% from the March 31st total of 23,200 shares. Based on an average trading volume of 44,100 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

First Trust Europe AlphaDEX Fund Stock Up 0.7 %

Shares of NASDAQ FEP opened at $42.71 on Monday. The firm's 50-day moving average price is $40.66 and its 200-day moving average price is $38.36. The company has a market cap of $234.91 million, a PE ratio of -64.71 and a beta of 0.95. First Trust Europe AlphaDEX Fund has a 52-week low of $33.02 and a 52-week high of $43.15.

First Trust Europe AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.1115 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Thursday, March 27th. First Trust Europe AlphaDEX Fund's payout ratio is presently -242.42%.

Hedge Funds Weigh In On First Trust Europe AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in FEP. Pine Valley Investments Ltd Liability Co bought a new stake in First Trust Europe AlphaDEX Fund during the third quarter valued at approximately $209,000. JPMorgan Chase & Co. grew its position in First Trust Europe AlphaDEX Fund by 76.6% during the third quarter. JPMorgan Chase & Co. now owns 2,307 shares of the company's stock valued at $90,000 after buying an additional 1,001 shares during the period. Park Avenue Securities LLC grew its position in First Trust Europe AlphaDEX Fund by 12.1% during the fourth quarter. Park Avenue Securities LLC now owns 16,551 shares of the company's stock valued at $593,000 after buying an additional 1,784 shares during the period. Janney Montgomery Scott LLC grew its position in First Trust Europe AlphaDEX Fund by 5.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 45,799 shares of the company's stock valued at $1,640,000 after buying an additional 2,204 shares during the period. Finally, Kingswood Wealth Advisors LLC bought a new stake in First Trust Europe AlphaDEX Fund during the fourth quarter valued at approximately $214,000.

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.

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