Short Interest in First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Drops By 18.3%

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 74,152 shares, a decline of 18.3% from the February 26th total of 90,810 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average daily trading volume, of 52,947 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of First Trust Europe AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its holdings in First Trust Europe AlphaDEX Fund by 305.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 474 shares of the company’s stock worth $26,000 after buying an additional 357 shares during the last quarter. CX Institutional bought a new stake in shares of First Trust Europe AlphaDEX Fund in the 3rd quarter valued at approximately $51,000. NewEdge Advisors LLC acquired a new stake in shares of First Trust Europe AlphaDEX Fund during the 2nd quarter valued at approximately $51,000. Flagship Harbor Advisors LLC acquired a new stake in shares of First Trust Europe AlphaDEX Fund during the 4th quarter valued at approximately $61,000. Finally, Rossby Financial LCC lifted its stake in First Trust Europe AlphaDEX Fund by 32.5% during the third quarter. Rossby Financial LCC now owns 1,257 shares of the company’s stock worth $65,000 after purchasing an additional 308 shares during the last quarter.

First Trust Europe AlphaDEX Fund Price Performance

FEP traded up $2.19 during trading on Tuesday, hitting $54.61. The company had a trading volume of 17,985 shares, compared to its average volume of 45,364. First Trust Europe AlphaDEX Fund has a 1-year low of $33.02 and a 1-year high of $59.39. The company has a market cap of $425.96 million, a PE ratio of -82.74 and a beta of 0.98. The business has a 50-day moving average of $56.36 and a 200-day moving average of $53.52.

First Trust Europe AlphaDEX Fund Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be given a dividend of $0.0762 per share. The ex-dividend date of this dividend is Thursday, March 26th. This represents a $0.30 annualized dividend and a dividend yield of 0.6%. First Trust Europe AlphaDEX Fund’s dividend payout ratio (DPR) is presently -265.15%.

About First Trust Europe AlphaDEX Fund

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.