First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Short Interest Up 120.8% in February

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 17,000 shares, an increase of 120.8% from the February 13th total of 7,700 shares. Based on an average daily volume of 31,000 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s shares are short sold.

First Trust Europe AlphaDEX Fund Trading Up 1.9 %

Shares of First Trust Europe AlphaDEX Fund stock traded up $0.78 during trading hours on Friday, reaching $41.89. The stock had a trading volume of 1,163 shares, compared to its average volume of 31,698. The firm has a 50 day simple moving average of $38.44 and a two-hundred day simple moving average of $37.83. The firm has a market capitalization of $215.74 million, a price-to-earnings ratio of -63.49 and a beta of 1.09. First Trust Europe AlphaDEX Fund has a 1 year low of $35.04 and a 1 year high of $42.54.

Institutional Investors Weigh In On First Trust Europe AlphaDEX Fund

A number of large investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. grew its stake in shares of First Trust Europe AlphaDEX Fund by 1.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 308,361 shares of the company’s stock valued at $11,044,000 after buying an additional 4,872 shares in the last quarter. Cetera Investment Advisers lifted its holdings in First Trust Europe AlphaDEX Fund by 3.1% during the 4th quarter. Cetera Investment Advisers now owns 112,038 shares of the company’s stock worth $4,013,000 after buying an additional 3,387 shares during the last quarter. Assetmark Inc. lifted its holdings in First Trust Europe AlphaDEX Fund by 18.3% during the 4th quarter. Assetmark Inc. now owns 107,122 shares of the company’s stock worth $3,837,000 after buying an additional 16,534 shares during the last quarter. Raymond James Financial Inc. bought a new position in First Trust Europe AlphaDEX Fund during the 4th quarter worth approximately $3,816,000. Finally, Coppell Advisory Solutions LLC lifted its holdings in First Trust Europe AlphaDEX Fund by 16.9% during the 4th quarter. Coppell Advisory Solutions LLC now owns 93,438 shares of the company’s stock worth $3,375,000 after buying an additional 13,537 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.