First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Sees Large Increase in Short Interest

Key Points

• First Trust Europe AlphaDEX Fund (NASDAQ:FEP) experienced a **78.5% increase** in short interest in September, rising from 10,700 to **19,100 shares** as of September 30th.
• The fund's stock fell by **0.8%** to **$50.40**, while its **market capitalization** stands at **$342.69 million** and the **1-year high** is **$52.04**.
• A recent dividend of **$0.1794** per share was paid, representing an annualized **dividend yield** of **1.4%**, though the payout ratio is notably negative at **-228.79%**.

First Trust Europe AlphaDEX Fund (NASDAQ:FEP - ) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 19,100 shares, a growth of 78.5% from the September 15th total of 10,700 shares. Based on an average daily trading volume, of 29,000 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 29,000 shares, the short-interest ratio is presently 0.7 days.

First Trust Europe AlphaDEX Fund Stock Down 0.8%

Shares of NASDAQ FEP traded down $0.39 during trading on Tuesday, hitting $50.40. 21,122 shares of the company traded hands, compared to its average volume of 33,626. First Trust Europe AlphaDEX Fund has a 1 year low of $33.02 and a 1 year high of $52.04. The company has a 50-day moving average price of $50.53 and a 200-day moving average price of $47.29. The firm has a market capitalization of $342.69 million, a P/E ratio of -76.39 and a beta of 1.09.

First Trust Europe AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a dividend of $0.1794 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.72 annualized dividend and a dividend yield of 1.4%. First Trust Europe AlphaDEX Fund's payout ratio is currently -228.79%.

Institutional Trading of First Trust Europe AlphaDEX Fund

A number of institutional investors have recently added to or reduced their stakes in the business. NWF Advisory Services Inc. boosted its position in First Trust Europe AlphaDEX Fund by 73.9% during the 2nd quarter. NWF Advisory Services Inc. now owns 29,270 shares of the company's stock worth $1,399,000 after purchasing an additional 12,440 shares during the period. Osaic Holdings Inc. boosted its position in First Trust Europe AlphaDEX Fund by 33.2% during the 2nd quarter. Osaic Holdings Inc. now owns 93,189 shares of the company's stock worth $4,424,000 after purchasing an additional 23,224 shares during the period. Coppell Advisory Solutions LLC boosted its position in First Trust Europe AlphaDEX Fund by 9.8% during the 2nd quarter. Coppell Advisory Solutions LLC now owns 63,242 shares of the company's stock worth $3,002,000 after purchasing an additional 5,629 shares during the period. FSB Premier Wealth Management Inc. boosted its position in First Trust Europe AlphaDEX Fund by 8.7% during the 2nd quarter. FSB Premier Wealth Management Inc. now owns 7,208 shares of the company's stock worth $345,000 after purchasing an additional 575 shares during the period. Finally, MML Investors Services LLC boosted its position in First Trust Europe AlphaDEX Fund by 41.6% during the 2nd quarter. MML Investors Services LLC now owns 48,865 shares of the company's stock worth $2,336,000 after purchasing an additional 14,358 shares during the period.

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.

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