First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Sees Significant Growth in Short Interest

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 33,013 shares, an increase of 58.5% from the December 15th total of 20,829 shares. Based on an average daily volume of 89,094 shares, the short-interest ratio is presently 0.4 days. Approximately 0.4% of the shares of the company are sold short. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 89,094 shares, the short-interest ratio is presently 0.4 days.

First Trust Europe AlphaDEX Fund Stock Performance

First Trust Europe AlphaDEX Fund stock opened at $55.51 on Friday. First Trust Europe AlphaDEX Fund has a 1 year low of $33.02 and a 1 year high of $55.56. The firm’s 50-day moving average is $52.76 and its 200-day moving average is $50.90. The company has a market cap of $432.98 million, a P/E ratio of -84.11 and a beta of 0.98.

First Trust Europe AlphaDEX Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.5446 dividend. The ex-dividend date was Friday, December 12th. This is an increase from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.18. This represents a $2.18 dividend on an annualized basis and a yield of 3.9%. First Trust Europe AlphaDEX Fund’s payout ratio is presently -271.21%.

Institutional Trading of First Trust Europe AlphaDEX Fund

Hedge funds have recently made changes to their positions in the stock. ORG Partners LLC boosted its position in First Trust Europe AlphaDEX Fund by 50.0% during the 4th quarter. ORG Partners LLC now owns 3,000 shares of the company’s stock valued at $161,000 after purchasing an additional 1,000 shares during the period. Private Client Services LLC acquired a new position in shares of First Trust Europe AlphaDEX Fund during the fourth quarter valued at $207,000. Kestra Private Wealth Services LLC boosted its holdings in shares of First Trust Europe AlphaDEX Fund by 6.1% during the third quarter. Kestra Private Wealth Services LLC now owns 6,869 shares of the company’s stock valued at $352,000 after acquiring an additional 392 shares during the period. NewEdge Advisors LLC grew its position in shares of First Trust Europe AlphaDEX Fund by 20.9% during the third quarter. NewEdge Advisors LLC now owns 1,300 shares of the company’s stock worth $67,000 after acquiring an additional 225 shares during the last quarter. Finally, Susquehanna International Group LLP increased its holdings in shares of First Trust Europe AlphaDEX Fund by 38.6% in the 3rd quarter. Susquehanna International Group LLP now owns 21,753 shares of the company’s stock worth $1,113,000 after acquiring an additional 6,055 shares during the period.

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.