First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Short Interest Update

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 - Get Free Report) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 16,400 shares, a drop of 21.2% from the August 15th total of 20,800 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 29,500 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 29,500 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. ORG Partners LLC purchased a new position in 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 in the first quarter worth about $41,000. NewEdge Advisors LLC purchased a new position in First Trust Europe AlphaDEX Fund in the second quarter worth about $51,000. Jones Financial Companies Lllp grew its position in First Trust Europe AlphaDEX Fund by 199.0% in the first quarter. Jones Financial Companies Lllp now owns 1,818 shares of the company's stock worth $74,000 after acquiring an additional 1,210 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in First Trust Europe AlphaDEX Fund by 48.5% in the second quarter. JPMorgan Chase & Co. now owns 1,930 shares of the company's stock worth $92,000 after acquiring an additional 630 shares in the last quarter.

First Trust Europe AlphaDEX Fund Price Performance

Shares of First Trust Europe AlphaDEX Fund stock traded up $0.35 during trading on Monday, reaching $50.74. 11,035 shares of the stock traded hands, compared to its average volume of 34,742. The company has a market capitalization of $314.56 million, a price-to-earnings ratio of -76.86 and a beta of 1.09. The business has a fifty day simple moving average of $49.44 and a two-hundred day simple moving average of $45.91. First Trust Europe AlphaDEX Fund has a 52-week low of $33.02 and a 52-week high of $51.33.

First Trust Europe AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were given a $0.9551 dividend. This is an increase from First Trust Europe AlphaDEX Fund's previous quarterly dividend of $0.11. This represents a $3.82 annualized dividend and a yield of 7.5%. The ex-dividend date was Thursday, June 26th. First Trust Europe AlphaDEX Fund's dividend payout ratio (DPR) is -246.97%.

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.