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

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 1,300 shares, a decline of 97.8% from the May 31st total of 59,900 shares. Based on an average trading volume of 19,700 shares, the short-interest ratio is currently 0.1 days.

First Trust Europe AlphaDEX Fund Price Performance

FEP stock opened at $36.81 on Friday. The company has a 50 day moving average price of $38.36 and a 200 day moving average price of $36.99. First Trust Europe AlphaDEX Fund has a fifty-two week low of $30.76 and a fifty-two week high of $39.86. The stock has a market capitalization of $207.98 million, a PE ratio of -55.77 and a beta of 1.09.

First Trust Europe AlphaDEX Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a dividend of $0.92 per share. The ex-dividend date was Thursday, June 27th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 10.00%. First Trust Europe AlphaDEX Fund’s payout ratio is currently -218.18%.

Hedge Funds Weigh In On First Trust Europe AlphaDEX Fund

Several hedge funds have recently added to or reduced their stakes in the company. Coppell Advisory Solutions Corp. bought a new stake in shares of First Trust Europe AlphaDEX Fund during the 1st quarter valued at $2,838,000. Cetera Investment Advisers grew its stake in shares of First Trust Europe AlphaDEX Fund by 69.5% during the first quarter. Cetera Investment Advisers now owns 115,097 shares of the company’s stock worth $4,325,000 after purchasing an additional 47,211 shares during the period. Cetera Advisors LLC increased its holdings in First Trust Europe AlphaDEX Fund by 185.2% in the first quarter. Cetera Advisors LLC now owns 38,086 shares of the company’s stock valued at $1,431,000 after purchasing an additional 24,733 shares during the last quarter. Assetmark Inc. lifted its stake in First Trust Europe AlphaDEX Fund by 43.4% in the fourth quarter. Assetmark Inc. now owns 43,900 shares of the company’s stock valued at $1,594,000 after buying an additional 13,280 shares during the period. Finally, Avantax Advisory Services Inc. boosted its holdings in First Trust Europe AlphaDEX Fund by 15.7% during the fourth quarter. Avantax Advisory Services Inc. now owns 65,081 shares of the company’s stock worth $2,364,000 after buying an additional 8,807 shares during the last quarter.

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.