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

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 20,800 shares, a growth of 6.1% from the November 30th total of 19,600 shares. Based on an average daily volume of 16,700 shares, the short-interest ratio is currently 1.2 days.

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 business. Ashton Thomas Private Wealth LLC acquired a new position in shares of First Trust Europe AlphaDEX Fund during the 2nd quarter worth approximately $33,000. JPMorgan Chase & Co. increased its holdings 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 worth $90,000 after buying an additional 1,001 shares during the last quarter. Walker Asset Management LLC bought a new stake in First Trust Europe AlphaDEX Fund during the third quarter worth $203,000. Pine Valley Investments Ltd Liability Co acquired a new stake in First Trust Europe AlphaDEX Fund in the third quarter valued at $209,000. Finally, Pinnacle Family Advisors LLC bought a new position in shares of First Trust Europe AlphaDEX Fund in the 3rd quarter valued at about $209,000.

First Trust Europe AlphaDEX Fund Price Performance

FEP opened at $35.81 on Thursday. The company has a market capitalization of $193.37 million, a price-to-earnings ratio of -54.26 and a beta of 1.09. The business’s 50-day moving average price is $36.80 and its two-hundred day moving average price is $37.57. First Trust Europe AlphaDEX Fund has a 1 year low of $34.56 and a 1 year high of $39.86.

First Trust Europe AlphaDEX Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.2698 dividend. The ex-dividend date of this dividend was Friday, December 13th. First Trust Europe AlphaDEX Fund’s dividend payout ratio is presently -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.