During January, there was a sizeable reduction in the number of short positions held in First Trust Europe AlphaDEX Fund (NASDAQ: FEP). Since the 15th of January, a total of 50,000 shares had been borrowed, but as of the 31st of January, only 10,600 shares had been borrowed.
This represents a decrease of 78.8% from the total number of shares that had been borrowed on the 15th of January.
Based on an average daily trading volume of 59,200 shares, the days-to-cover ratio is currently at 0.2 days.
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Shares of NASDAQ FEP experienced a price decrease of $0.34, bringing them to $35.35 after trading that took place on Friday around lunchtime.
The normal trading volume in the company’s stock is 70,276 shares, so the number of shares that changed hands was significantly lower than that.
The company’s market value comes in at $272.20 million, and it has a price-to-earnings ratio of -53.45 and a beta of 1.10.
The First Trust Europe AlphaDEX Fund hit an all-time low of $25.75 during the past year, while it reached an all-time high of $41.94 during the same period.
The stock price has a fifty-day moving average of $33.83 and a two-hundred-day moving average of $31.32, respectively.
How certain hedge funds and other types of institutional investors currently have their money invested in FEP was recently updated by these investors.
The percentage of First Trust Europe AlphaDEX Fund shares that Steward Partners Investment Advisory LLC held at the end of the second quarter increased by 25.0%.
In the most recent fiscal quarter, Steward Partners Investment Advisory LLC bought an additional 330 shares of the company’s stock, bringing their total purchase of the stock to 1,650, which had a value of $52,000. US Bancorp DE increased its holdings in the First Trust Europe AlphaDEX Fund by 13.1% during the first three months of the year. Following purchasing an additional 513 shares during the most recent quarter, US Bancorp DE now owns 4,434 shares.
The current value of these shares puts the company’s ownership at $171,000 (as of the last report).
During the third quarter, Walkner Condon Financial Advisors LLC made a 7.9 percent purchase of additional First Trust Europe AlphaDEX Fund shares, bringing the total number of the firm’s holdings in the fund to 59.2 percent. Walkner Condon Financial Advisors LLC now holds 9,535 shares of the company’s stock, following the acquisition of an additional 702 shares during the most recent quarter.
Each share of the company’s stock is currently valued at $252,000.
During the third quarter, Virtue Capital Management LLC accomplished an increase of 9.6 percentage points in the number of shares of First Trust Europe AlphaDEX Fund that it owned.
The most recent quarter saw Virtue Capital Management LLC increase its company stock holdings by purchasing an additional 834 shares, bringing the total number of shares acquired to 9,528 at a value of $251,000.
This represents an increase in the firm’s holdings of the company’s stock of 0.42%.
In the fifth and final category, but by no means the least significant, AE Wealth Management LLC boosted its holdings in First Trust Europe AlphaDEX Fund by 3.1% during the last quarter of 2017.
During the most recent quarter, AE Wealth Management LLC increased the total number of shares owned in the company by 8,53, bringing the total number of shares they own to 28,087, with a value of $904,000.
