Short Interest in First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Expands By 86.5%

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 31,700 shares, a growth of 86.5% from the February 28th total of 17,000 shares. Based on an average daily trading volume, of 35,600 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.6% of the company’s shares are sold short.

First Trust Europe AlphaDEX Fund Trading Down 1.2 %

FEP traded down $0.51 during mid-day trading on Friday, hitting $41.38. 67,469 shares of the stock were exchanged, compared to its average volume of 21,696. The company has a market cap of $213.11 million, a PE ratio of -62.70 and a beta of 1.09. The firm’s fifty day moving average is $39.81 and its two-hundred day moving average is $38.13. First Trust Europe AlphaDEX Fund has a 1-year low of $35.04 and a 1-year high of $43.15.

First Trust Europe AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be paid a $0.1115 dividend. This represents a $0.45 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Thursday, March 27th. First Trust Europe AlphaDEX Fund’s payout ratio is -240.91%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in First Trust Europe AlphaDEX Fund in the 4th quarter valued at approximately $3,816,000. Citadel Advisors LLC purchased a new position in First Trust Europe AlphaDEX Fund in the fourth quarter valued at $907,000. OneAscent Financial Services LLC acquired a new position in First Trust Europe AlphaDEX Fund during the 4th quarter worth $728,000. Assetmark Inc. increased 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 purchasing an additional 16,534 shares during the period. Finally, Benjamin Edwards Inc. raised its position in First Trust Europe AlphaDEX Fund by 702.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 16,451 shares of the company’s stock valued at $641,000 after purchasing an additional 14,401 shares in 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.