First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Short Interest Update

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totalling 15,900 shares, a decrease 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 presently 1.4 days.

Hedge Funds Weigh In On First Trust Europe AlphaDEX Fund

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new position in First Trust Europe AlphaDEX Fund in the 2nd quarter worth approximately $33,000. Great Valley Advisor Group Inc. bought a new stake in First Trust Europe AlphaDEX Fund in the second quarter worth about $217,000. IFG Advisory LLC bought a new stake in shares of First Trust Europe AlphaDEX Fund during the second quarter worth $228,000. RFG Advisory LLC boosted its position in First Trust Europe AlphaDEX Fund by 11.2% in the 2nd quarter. RFG Advisory LLC now owns 6,499 shares of the company’s stock valued at $239,000 after buying an additional 654 shares during the period. Finally, Signature Estate & Investment Advisors LLC bought a new stake in First Trust Europe AlphaDEX Fund during the 2nd quarter valued at $262,000.

First Trust Europe AlphaDEX Fund Price Performance

FEP traded down $0.02 on Thursday, hitting $38.18. The company had a trading volume of 12,017 shares, compared to its average volume of 17,461. First Trust Europe AlphaDEX Fund has a 52-week low of $30.76 and a 52-week high of $39.86. The stock has a fifty day simple moving average of $38.24 and a 200-day simple moving average of $38.05. The firm has a market capitalization of $208.08 million, a P/E ratio of -57.85 and a beta of 1.09.

First Trust Europe AlphaDEX Fund Cuts Dividend

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

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.