First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Shares Shorted: Short Interest Up 78.3% in September

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the recipient of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 61,611 shares, a growth of 78.3% from the August 31st total of 34,556 shares. Based on an average trading volume of 11,766 shares, the days-to-cover ratio is presently 5.2 days. Currently, 0.7% of the company’s stock are sold short.

Institutional Trading of First Trust Europe AlphaDEX Fund

Several hedge funds have recently made changes to their positions in the stock. First Trust Advisors LP boosted its holdings in shares of First Trust Europe AlphaDEX Fund by 52.5% during the first quarter. First Trust Advisors LP now owns 1,079,715 shares of the company’s stock valued at $58,963,000 after acquiring an additional 371,900 shares during the period. Parallel Advisors LLC bought a new position in shares of First Trust Europe AlphaDEX Fund during the first quarter worth about $130,000. Assetmark Inc. increased its holdings in shares of First Trust Europe AlphaDEX Fund by 6.7% in the 1st quarter. Assetmark Inc. now owns 123,126 shares of the company’s stock worth $6,724,000 after acquiring an additional 7,765 shares during the period. Independent Financial Group LLC acquired a new stake in shares of First Trust Europe AlphaDEX Fund in the 1st quarter worth about $432,000. Finally, Sanctuary Advisors LLC increased its holdings in shares of First Trust Europe AlphaDEX Fund by 2.7% in the 1st quarter. Sanctuary Advisors LLC now owns 11,573 shares of the company’s stock worth $632,000 after acquiring an additional 305 shares during the period.

First Trust Europe AlphaDEX Fund Trading Down 1.4%

First Trust Europe AlphaDEX Fund stock traded down $0.82 during midday trading on Tuesday, hitting $56.89. The stock had a trading volume of 336,718 shares, compared to its average volume of 30,700. The stock has a market cap of $509.17 million, a P/E ratio of -86.20 and a beta of 0.90. The business has a fifty day moving average price of $59.35 and a 200 day moving average price of $58.02. First Trust Europe AlphaDEX Fund has a 12 month low of $49.11 and a 12 month high of $61.07.

First Trust Europe AlphaDEX Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be paid a dividend of $0.3254 per share. The ex-dividend date is Thursday, September 24th. This is a negative change from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.7986. This represents a $1.30 annualized dividend and a yield of 2.3%. First Trust Europe AlphaDEX Fund’s payout ratio is presently -263.64%.

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.