First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Short Interest Down 21.2% in August

Key Points

• Short interest in the First Trust Europe AlphaDEX Fund (NASDAQ:FEP) decreased by 21.2% in August, with a total of 16,400 shares shorted as of August 31st.
• Major institutional investors have significantly increased their positions in FEP, with Jones Financial Companies growing its stake by 199% in the first quarter.
• The fund announced a quarterly dividend of $0.9551 per share, reflecting an annualized yield of 7.6%, a notable increase from its previous dividend of $0.11.

First Trust Europe AlphaDEX Fund (NASDAQ:FEP - ) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 16,400 shares, a decrease of 21.2% from the August 15th total of 20,800 shares. Based on an average trading volume of 29,500 shares, the short-interest ratio is currently 0.6 days. Currently, 0.3% of the shares of the stock are short sold. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 29,500 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FEP. ORG Partners LLC purchased a new position in shares of First Trust Europe AlphaDEX Fund in the first quarter worth about $33,000. Rossby Financial LCC purchased a new position in First Trust Europe AlphaDEX Fund during the first quarter valued at approximately $41,000. NewEdge Advisors LLC purchased a new position in First Trust Europe AlphaDEX Fund during the second quarter valued at approximately $51,000. Jones Financial Companies Lllp grew its stake in First Trust Europe AlphaDEX Fund by 199.0% in the 1st quarter. Jones Financial Companies Lllp now owns 1,818 shares of the company's stock worth $74,000 after buying an additional 1,210 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in First Trust Europe AlphaDEX Fund by 48.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,930 shares of the company's stock worth $92,000 after buying an additional 630 shares in the last quarter.

First Trust Europe AlphaDEX Fund Price Performance

Shares of NASDAQ:FEP opened at $50.51 on Thursday. The company has a market cap of $313.16 million, a price-to-earnings ratio of -76.53 and a beta of 1.09. The firm has a 50 day simple moving average of $49.35 and a 200 day simple moving average of $45.71. First Trust Europe AlphaDEX Fund has a one year low of $33.02 and a one year high of $51.33.

First Trust Europe AlphaDEX Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were issued a dividend of $0.9551 per share. This is an increase from First Trust Europe AlphaDEX Fund's previous quarterly dividend of $0.11. This represents a $3.82 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date was Thursday, June 26th. First Trust Europe AlphaDEX Fund's dividend payout ratio is -246.97%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.