Short Interest in First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Drops By 16.3%

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the recipient of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 7,700 shares, a drop of 16.3% from the January 31st total of 9,200 shares. Based on an average trading volume of 24,600 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of First Trust Europe AlphaDEX Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FEP. Raymond James Financial Inc. acquired a new stake in shares of First Trust Europe AlphaDEX Fund during the 4th quarter valued at about $3,816,000. Citadel Advisors LLC acquired a new stake in First Trust Europe AlphaDEX Fund in the fourth quarter valued at approximately $907,000. OneAscent Financial Services LLC acquired a new stake in First Trust Europe AlphaDEX Fund in the fourth quarter valued at approximately $728,000. Assetmark Inc. increased its position in shares of First Trust Europe AlphaDEX Fund by 18.3% in the fourth quarter. Assetmark Inc. now owns 107,122 shares of the company’s stock valued at $3,837,000 after buying an additional 16,534 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its position in shares of First Trust Europe AlphaDEX Fund by 702.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 16,451 shares of the company’s stock valued at $641,000 after buying an additional 14,401 shares in the last quarter.

First Trust Europe AlphaDEX Fund Price Performance

FEP stock traded up $1.76 during trading on Wednesday, hitting $41.84. 192,533 shares of the company traded hands, compared to its average volume of 31,002. First Trust Europe AlphaDEX Fund has a 1 year low of $35.04 and a 1 year high of $41.87. The stock’s 50-day simple moving average is $37.64 and its 200 day simple moving average is $37.67. The company has a market cap of $215.45 million, a PE ratio of -63.31 and a beta of 1.09.

First Trust Europe AlphaDEX Fund Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.2698 dividend. The ex-dividend date of this dividend was Friday, December 13th. First Trust Europe AlphaDEX Fund’s dividend payout ratio is currently -268.18%.

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.