Short Interest in First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Increases By 6.1%

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 15th, there was short interest totalling 20,800 shares, an increase of 6.1% from the November 30th total of 19,600 shares. Based on an average trading volume of 16,700 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC bought a new position in First Trust Europe AlphaDEX Fund in the 2nd quarter valued at approximately $33,000. JPMorgan Chase & Co. increased its position in First Trust Europe AlphaDEX Fund by 76.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,307 shares of the company’s stock valued at $90,000 after acquiring an additional 1,001 shares during the period. Walker Asset Management LLC bought a new position in shares of First Trust Europe AlphaDEX Fund during the third quarter valued at $203,000. Pinnacle Family Advisors LLC acquired a new position in shares of First Trust Europe AlphaDEX Fund during the third quarter worth $209,000. Finally, Pine Valley Investments Ltd Liability Co bought a new stake in shares of First Trust Europe AlphaDEX Fund in the third quarter worth $209,000.

First Trust Europe AlphaDEX Fund Trading Down 0.2 %

Shares of First Trust Europe AlphaDEX Fund stock opened at $35.81 on Thursday. The firm has a market capitalization of $193.37 million, a PE ratio of -54.26 and a beta of 1.09. The firm’s 50 day moving average is $36.80 and its 200 day moving average is $37.57. 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 business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.2698 per share. The ex-dividend date was Friday, December 13th. First Trust Europe AlphaDEX Fund’s dividend payout ratio (DPR) is presently -268.18%.

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.