First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Short Interest Up 86.5% in March

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

Hedge Funds Weigh In On First Trust Europe AlphaDEX Fund

Hedge funds 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 in the 4th quarter valued at $86,000. Tucker Asset Management LLC grew its holdings in shares of 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 worth $88,000 after purchasing an additional 956 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of 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 worth $90,000 after purchasing an additional 1,001 shares in the last quarter. Principal Securities Inc. increased its position in shares of First Trust Europe AlphaDEX Fund by 22.4% during the fourth quarter. Principal Securities Inc. now owns 2,875 shares of the company’s stock worth $103,000 after purchasing an additional 527 shares in the last quarter. Finally, Armis Advisers LLC acquired a new stake in shares of First Trust Europe AlphaDEX Fund in the 4th quarter valued at about $200,000.

First Trust Europe AlphaDEX Fund Trading Down 1.2 %

Shares of NASDAQ:FEP opened at $41.38 on Monday. First Trust Europe AlphaDEX Fund has a 52 week low of $35.04 and a 52 week high of $43.15. The company’s 50 day moving average is $39.81 and its two-hundred day moving average is $38.14. The company has a market cap of $213.11 million, a PE ratio of -62.70 and a beta of 1.09.

First Trust Europe AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be given a dividend of $0.1115 per share. This represents a $0.45 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Thursday, March 27th. First Trust Europe AlphaDEX Fund’s dividend payout ratio (DPR) 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.