First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Sees Large Decrease in Short Interest

First Trust Europe AlphaDEX Fund (NASDAQ:FEP - Get Free Report) saw a large decrease in short interest in January. As of January 15th, there was short interest totalling 17,800 shares, a decrease of 18.3% from the December 31st total of 21,800 shares. Based on an average trading volume of 18,600 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FEP. Assetmark Inc. increased its stake in First Trust Europe AlphaDEX Fund by 13.2% during the third quarter. Assetmark Inc. now owns 90,588 shares of the company's stock worth $3,527,000 after acquiring an additional 10,543 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of First Trust Europe AlphaDEX Fund by 5.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 45,799 shares of the company's stock valued at $1,640,000 after purchasing an additional 2,204 shares during the last quarter. MML Investors Services LLC raised its holdings in First Trust Europe AlphaDEX Fund by 9.3% during 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 during the period. Prospera Financial Services Inc lifted its position in First Trust Europe AlphaDEX Fund by 10.7% in the third quarter. Prospera Financial Services Inc now owns 36,542 shares of the company's stock worth $1,423,000 after buying an additional 3,534 shares during the last quarter. Finally, Orion Portfolio Solutions LLC increased its position in First Trust Europe AlphaDEX Fund by 14.0% during the third quarter. Orion Portfolio Solutions LLC now owns 30,087 shares of the company's stock valued at $1,172,000 after acquiring an additional 3,697 shares during the last quarter.

First Trust Europe AlphaDEX Fund Stock Performance

Shares of NASDAQ FEP traded up $0.37 during midday trading on Wednesday, reaching $37.80. The stock had a trading volume of 19,787 shares, compared to its average volume of 29,669. The company has a market capitalization of $194.64 million, a price-to-earnings ratio of -57.27 and a beta of 1.09. The stock has a 50-day moving average of $36.61 and a 200-day moving average of $37.38. First Trust Europe AlphaDEX Fund has a 12-month low of $34.56 and a 12-month high of $39.86.

First Trust Europe AlphaDEX Fund Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.2698 per share. The ex-dividend date was Friday, December 13th. First Trust Europe AlphaDEX Fund's payout ratio is -268.18%.

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.