First Trust Europe AlphaDEX Fund (NASDAQ:FEP – Get Rating) saw a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 265,800 shares, an increase of 52.6% from the May 15th total of 174,200 shares. Based on an average trading volume of 29,700 shares, the short-interest ratio is presently 8.9 days.
First Trust Europe AlphaDEX Fund Trading Up 0.1 %
NASDAQ FEP traded up $0.04 on Friday, reaching $35.63. 13,743 shares of the stock were exchanged, compared to its average volume of 41,741. First Trust Europe AlphaDEX Fund has a one year low of $25.75 and a one year high of $36.51. The firm has a market capitalization of $286.82 million, a PE ratio of -53.98 and a beta of 1.09. The company’s 50-day simple moving average is $34.65 and its two-hundred day simple moving average is $34.71.
First Trust Europe AlphaDEX Fund Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Monday, March 27th were paid a dividend of $0.029 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend was Friday, March 24th. First Trust Europe AlphaDEX Fund’s payout ratio is -145.45%.
Institutional Investors Weigh In On First Trust Europe AlphaDEX Fund
Institutional investors and hedge funds have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. raised its position in shares of First Trust Europe AlphaDEX Fund by 12.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 49,272 shares of the company’s stock valued at $1,586,000 after buying an additional 5,297 shares during the last quarter. AE Wealth Management LLC raised its position in shares of First Trust Europe AlphaDEX Fund by 3.1% during the fourth quarter. AE Wealth Management LLC now owns 28,087 shares of the company’s stock valued at $904,000 after buying an additional 853 shares during the last quarter. Kestra Advisory Services LLC raised its position in shares of First Trust Europe AlphaDEX Fund by 20.1% during the fourth quarter. Kestra Advisory Services LLC now owns 40,212 shares of the company’s stock valued at $1,294,000 after buying an additional 6,731 shares during the last quarter. Silver Oak Securities Incorporated bought a new stake in shares of First Trust Europe AlphaDEX Fund during the fourth quarter valued at approximately $221,000. Finally, Great Valley Advisor Group Inc. purchased a new position in shares of First Trust Europe AlphaDEX Fund in the fourth quarter valued at $203,000.
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.
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