Short Interest in First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Declines By 7.6%

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the recipient of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 15,900 shares, a drop of 7.6% from the September 15th total of 17,200 shares. Based on an average daily volume of 11,200 shares, the days-to-cover ratio is currently 1.4 days.

First Trust Europe AlphaDEX Fund Stock Down 0.1 %

First Trust Europe AlphaDEX Fund stock traded down $0.02 during trading hours on Thursday, hitting $38.18. The stock had a trading volume of 12,017 shares, compared to its average volume of 17,461. First Trust Europe AlphaDEX Fund has a one year low of $30.76 and a one year high of $39.86. The stock has a market cap of $208.08 million, a price-to-earnings ratio of -57.85 and a beta of 1.09. The business’s 50 day simple moving average is $38.24 and its 200-day simple moving average is $38.05.

First Trust Europe AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.2959 per share. The ex-dividend date was Thursday, September 26th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.10%. First Trust Europe AlphaDEX Fund’s dividend payout ratio (DPR) is -257.58%.

Hedge Funds Weigh In On First Trust Europe AlphaDEX Fund

Hedge funds have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC bought a new stake in First Trust Europe AlphaDEX Fund in the second quarter worth approximately $33,000. Great Valley Advisor Group Inc. acquired a new stake in First Trust Europe AlphaDEX Fund in the second quarter valued at approximately $217,000. IFG Advisory LLC acquired a new stake in First Trust Europe AlphaDEX Fund in the second quarter valued at approximately $228,000. RFG Advisory LLC grew its stake in First Trust Europe AlphaDEX Fund by 11.2% in the second quarter. RFG Advisory LLC now owns 6,499 shares of the company’s stock valued at $239,000 after acquiring an additional 654 shares during the period. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in First Trust Europe AlphaDEX Fund in the second quarter valued at approximately $262,000.

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.