Short Interest in First Trust Eurozone AlphaDEX ETF (NASDAQ:FEUZ) Drops By 92.8%

First Trust Eurozone AlphaDEX ETF (NASDAQ:FEUZ) was the target of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 20,431 shares, a decrease of 92.8% from the February 12th total of 282,087 shares. Based on an average daily trading volume, of 13,595 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.1% of the company’s stock are short sold. Approximately 1.1% of the company’s stock are short sold. Based on an average daily trading volume, of 13,595 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc raised its holdings in shares of First Trust Eurozone AlphaDEX ETF by 48.0% in the 4th quarter. IFP Advisors Inc now owns 604 shares of the company’s stock valued at $37,000 after purchasing an additional 196 shares in the last quarter. Sound Income Strategies LLC purchased a new position in First Trust Eurozone AlphaDEX ETF during the fourth quarter valued at approximately $40,000. Dunhill Financial LLC increased its holdings in First Trust Eurozone AlphaDEX ETF by 22.5% during the third quarter. Dunhill Financial LLC now owns 986 shares of the company’s stock valued at $58,000 after buying an additional 181 shares during the period. Advisory Services Network LLC purchased a new position in First Trust Eurozone AlphaDEX ETF during the third quarter valued at approximately $64,000. Finally, NewEdge Advisors LLC purchased a new position in First Trust Eurozone AlphaDEX ETF during the second quarter valued at approximately $60,000.

First Trust Eurozone AlphaDEX ETF Trading Up 0.4%

Shares of FEUZ traded up $0.22 during midday trading on Tuesday, reaching $62.74. 8,869 shares of the stock were exchanged, compared to its average volume of 24,667. The company has a market capitalization of $119.21 million, a P/E ratio of 11.07 and a beta of 0.96. First Trust Eurozone AlphaDEX ETF has a 52 week low of $40.43 and a 52 week high of $68.05. The company’s 50 day moving average is $64.73 and its two-hundred day moving average is $60.93.

First Trust Eurozone AlphaDEX ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.4837 dividend. This represents a $1.93 dividend on an annualized basis and a yield of 3.1%. This is a boost from First Trust Eurozone AlphaDEX ETF’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Friday, December 12th.

About First Trust Eurozone AlphaDEX ETF

The First Trust Eurozone AlphaDEX ETF (FEUZ) is an exchange-traded fund that is based on the Nasdaq AlphaDex Eurozone index. The fund tracks an index of firms operating in the Eurozone, selected by growth and value factors and equal-weighted within tiers. FEUZ was launched on Oct 22, 2014 and is managed by First Trust.