Short Interest in First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Grows By 30.7%

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 19,600 shares, a growth of 30.7% from the November 15th total of 15,000 shares. Based on an average trading volume of 13,600 shares, the short-interest ratio is presently 1.4 days.

First Trust Europe AlphaDEX Fund Stock Performance

Shares of FEP traded up $0.19 during mid-day trading on Friday, hitting $36.93. 16,839 shares of the company traded hands, compared to its average volume of 17,516. The stock has a market cap of $199.42 million, a price-to-earnings ratio of -55.95 and a beta of 1.09. The stock has a 50-day moving average price of $37.37 and a two-hundred day moving average price of $37.84. First Trust Europe AlphaDEX Fund has a 1 year low of $34.56 and a 1 year high of $39.86.

First Trust Europe AlphaDEX Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a dividend of $0.2698 per share. The ex-dividend date is Friday, December 13th. First Trust Europe AlphaDEX Fund’s dividend payout ratio is currently -257.58%.

Institutional Investors Weigh In On First Trust Europe AlphaDEX Fund

A number of hedge funds have recently modified their holdings of the business. Assetmark Inc. raised its holdings in First Trust Europe AlphaDEX Fund by 13.2% during the third quarter. Assetmark Inc. now owns 90,588 shares of the company’s stock valued at $3,527,000 after acquiring an additional 10,543 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of First Trust Europe AlphaDEX Fund by 5.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 50,814 shares of the company’s stock worth $1,870,000 after purchasing an additional 2,853 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in First Trust Europe AlphaDEX Fund by 2.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 43,595 shares of the company’s stock valued at $1,698,000 after purchasing an additional 880 shares during the period. Raymond James & Associates lifted its holdings in First Trust Europe AlphaDEX Fund by 3.1% in the 2nd quarter. Raymond James & Associates now owns 40,978 shares of the company’s stock worth $1,508,000 after purchasing an additional 1,245 shares in the last quarter. Finally, AE Wealth Management LLC boosted its stake in First Trust Europe AlphaDEX Fund by 13.6% in the 2nd quarter. AE Wealth Management LLC now owns 39,591 shares of the company’s stock worth $1,457,000 after purchasing an additional 4,749 shares during the period.

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.