First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Short Interest Down 18.3% in March

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 74,152 shares, a drop of 18.3% from the February 26th total of 90,810 shares. Based on an average daily trading volume, of 52,947 shares, the short-interest ratio is currently 1.4 days. Currently, 1.0% of the shares of the stock are short sold.

First Trust Europe AlphaDEX Fund Trading Up 0.4%

Shares of NASDAQ FEP traded up $0.23 during midday trading on Monday, hitting $52.51. The company’s stock had a trading volume of 35,493 shares, compared to its average volume of 45,568. The firm has a market capitalization of $409.58 million, a price-to-earnings ratio of -79.56 and a beta of 0.98. The stock has a fifty day moving average price of $56.42 and a 200 day moving average price of $53.51. First Trust Europe AlphaDEX Fund has a one year low of $33.02 and a one year high of $59.39.

First Trust Europe AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Thursday, March 26th will be issued a $0.0762 dividend. The ex-dividend date is Thursday, March 26th. This represents a $0.30 annualized dividend and a yield of 0.6%. First Trust Europe AlphaDEX Fund’s dividend payout ratio (DPR) is currently -265.15%.

Hedge Funds Weigh In On First Trust Europe AlphaDEX Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. HBW Advisory Services LLC acquired a new position in First Trust Europe AlphaDEX Fund during the fourth quarter worth $554,000. Flagship Harbor Advisors LLC acquired a new position in shares of First Trust Europe AlphaDEX Fund during the fourth quarter worth about $61,000. Triad Wealth Partners LLC purchased a new position in First Trust Europe AlphaDEX Fund during the fourth quarter worth about $691,000. Private Client Services LLC purchased a new stake in First Trust Europe AlphaDEX Fund in the 4th quarter valued at approximately $207,000. Finally, Rossby Financial LCC raised its stake in shares of First Trust Europe AlphaDEX Fund by 32.5% during the 3rd quarter. Rossby Financial LCC now owns 1,257 shares of the company’s stock worth $65,000 after buying an additional 308 shares in the last quarter.

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.