First Trust Europe AlphaDEX Fund (NASDAQ:FEP – Get Free Report) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 13,800 shares, a drop of 95.3% from the June 15th total of 290,600 shares. Based on an average trading volume of 26,400 shares, the days-to-cover ratio is presently 0.5 days.
Institutional Trading of First Trust Europe AlphaDEX Fund
A number of hedge funds and other institutional investors have recently made changes to their positions in FEP. US Bancorp DE increased its holdings in First Trust Europe AlphaDEX Fund by 13.1% during the first quarter. US Bancorp DE now owns 4,434 shares of the company’s stock worth $171,000 after buying an additional 513 shares during the last quarter. Stifel Financial Corp boosted its position in shares of First Trust Europe AlphaDEX Fund by 2.9% in the first quarter. Stifel Financial Corp now owns 20,459 shares of the company’s stock valued at $711,000 after acquiring an additional 583 shares during the period. Bank of America Corp DE boosted its position in shares of First Trust Europe AlphaDEX Fund by 1.5% in the first quarter. Bank of America Corp DE now owns 50,368 shares of the company’s stock valued at $1,751,000 after acquiring an additional 764 shares during the period. AE Wealth Management LLC boosted its position in shares of First Trust Europe AlphaDEX Fund by 3.1% in the fourth quarter. AE Wealth Management LLC now owns 28,087 shares of the company’s stock valued at $904,000 after acquiring an additional 853 shares during the period. Finally, Sunbelt Securities Inc. bought a new stake in shares of First Trust Europe AlphaDEX Fund in the first quarter valued at about $33,000.
First Trust Europe AlphaDEX Fund Price Performance
FEP traded down $0.27 during trading on Friday, reaching $35.78. The company had a trading volume of 8,135 shares, compared to its average volume of 38,781. First Trust Europe AlphaDEX Fund has a 12 month low of $25.75 and a 12 month high of $36.51. The business’s fifty day moving average price is $34.49 and its 200 day moving average price is $34.60. The company has a market cap of $266.56 million, a P/E ratio of -54.18 and a beta of 1.09.
First Trust Europe AlphaDEX Fund Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Wednesday, June 28th were issued a $0.8555 dividend. The ex-dividend date was Tuesday, June 27th. This is an increase from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.03. This represents a $3.42 dividend on an annualized basis and a dividend yield of 9.56%. First Trust Europe AlphaDEX Fund’s dividend payout ratio (DPR) is -159.09%.
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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