Short Interest in First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Drops By 59.9%

First Trust Europe AlphaDEX Fund (NASDAQ:FEP - Get Free Report) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 9,300 shares, a drop of 59.9% from the March 31st total of 23,200 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 44,100 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of First Trust Europe AlphaDEX Fund

Institutional investors have recently modified their holdings of the business. Atria Investments Inc raised its holdings in First Trust Europe AlphaDEX Fund by 18.0% during the 4th quarter. Atria Investments Inc now owns 26,244 shares of the company's stock valued at $940,000 after acquiring an additional 4,000 shares during the period. Assetmark Inc. grew its position in shares of First Trust Europe AlphaDEX Fund by 18.3% in the fourth quarter. Assetmark Inc. now owns 107,122 shares of the company's stock valued at $3,837,000 after purchasing an additional 16,534 shares in the last quarter. Synergy Investment Management LLC bought a new stake in shares of First Trust Europe AlphaDEX Fund during the 4th quarter valued at $86,000. Sanctuary Advisors LLC lifted its holdings in First Trust Europe AlphaDEX Fund by 5.7% during the 4th quarter. Sanctuary Advisors LLC now owns 9,996 shares of the company's stock worth $379,000 after purchasing an additional 539 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in First Trust Europe AlphaDEX Fund by 6.7% in the 4th quarter. IFP Advisors Inc now owns 28,606 shares of the company's stock worth $1,025,000 after purchasing an additional 1,805 shares during the period.

First Trust Europe AlphaDEX Fund Stock Performance

NASDAQ:FEP traded down $0.39 during trading hours on Wednesday, reaching $42.66. The stock had a trading volume of 26,128 shares, compared to its average volume of 39,135. The stock has a market cap of $234.63 million, a P/E ratio of -64.64 and a beta of 1.09. First Trust Europe AlphaDEX Fund has a 12-month low of $33.02 and a 12-month high of $43.15. The stock has a 50 day simple moving average of $40.80 and a 200 day simple moving average of $38.42.

First Trust Europe AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.1115 dividend. This represents a $0.45 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Thursday, March 27th. First Trust Europe AlphaDEX Fund's dividend payout ratio (DPR) is currently -240.91%.

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.