First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Short Interest Down 97.8% in June

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totalling 1,300 shares, a decrease of 97.8% from the May 31st total of 59,900 shares. Based on an average daily volume of 19,700 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On First Trust Europe AlphaDEX Fund

A number of large investors have recently added to or reduced their stakes in FEP. Cetera Investment Advisers increased its stake in shares of First Trust Europe AlphaDEX Fund by 69.5% in the first quarter. Cetera Investment Advisers now owns 115,097 shares of the company’s stock worth $4,325,000 after buying an additional 47,211 shares during the period. Coppell Advisory Solutions Corp. bought a new position in shares of First Trust Europe AlphaDEX Fund during the first quarter valued at about $2,838,000. Avantax Advisory Services Inc. boosted its holdings in shares of First Trust Europe AlphaDEX Fund by 15.7% during the fourth quarter. Avantax Advisory Services Inc. now owns 65,081 shares of the company’s stock worth $2,364,000 after purchasing an additional 8,807 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of First Trust Europe AlphaDEX Fund by 13.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 47,961 shares of the company’s stock worth $1,802,000 after purchasing an additional 5,535 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in First Trust Europe AlphaDEX Fund by 43.4% during the 4th quarter. Assetmark Inc. now owns 43,900 shares of the company’s stock valued at $1,594,000 after purchasing an additional 13,280 shares during the period.

First Trust Europe AlphaDEX Fund Trading Down 2.5 %

Shares of FEP stock traded down $0.93 during trading hours on Thursday, hitting $36.70. 18,736 shares of the company’s stock were exchanged, compared to its average volume of 20,504. First Trust Europe AlphaDEX Fund has a 12-month low of $30.76 and a 12-month high of $39.86. The company has a market capitalization of $207.36 million, a PE ratio of -57.02 and a beta of 1.09. The business’s 50 day simple moving average is $38.34 and its 200-day simple moving average is $36.98.

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.