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

First Trust Europe AlphaDEX Fund (NASDAQ:FEP - Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 31st, there was short interest totalling 60,400 shares, an increase of 272.8% from the May 15th total of 16,200 shares. Approximately 1.0% of the company's shares are sold short. Based on an average daily trading volume, of 43,500 shares, the short-interest ratio is currently 1.4 days.

First Trust Europe AlphaDEX Fund Stock Down 1.2%

Shares of FEP traded down $0.59 during trading hours on Friday, hitting $46.99. The company had a trading volume of 24,701 shares, compared to its average volume of 25,896. First Trust Europe AlphaDEX Fund has a 52-week low of $33.02 and a 52-week high of $47.73. The firm has a market cap of $258.45 million, a P/E ratio of -71.20 and a beta of 1.09. The stock's 50 day moving average price is $43.95 and its 200 day moving average price is $40.34.

First Trust Europe AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.1115 per share. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.45 dividend on an annualized basis and a yield of 0.95%. First Trust Europe AlphaDEX Fund's dividend payout ratio is presently -240.91%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FEP. Wealth Enhancement Advisory Services LLC purchased a new position in First Trust Europe AlphaDEX Fund during the 1st quarter valued at about $8,859,000. Raymond James Financial Inc. purchased a new position in shares of First Trust Europe AlphaDEX Fund during the 4th quarter worth approximately $3,816,000. LPL Financial LLC grew its holdings in shares of First Trust Europe AlphaDEX Fund by 43.5% during the 1st quarter. LPL Financial LLC now owns 350,310 shares of the company's stock worth $14,303,000 after acquiring an additional 106,165 shares during the period. Guild Investment Management Inc. purchased a new position in shares of First Trust Europe AlphaDEX Fund during the 1st quarter worth approximately $2,372,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of First Trust Europe AlphaDEX Fund by 34,969.9% during the 1st quarter. Farther Finance Advisors LLC now owns 39,629 shares of the company's stock worth $1,622,000 after acquiring an additional 39,516 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.