Short Interest in First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Increases By 111.1%

First Trust Europe AlphaDEX Fund (NASDAQ:FEP - Get Free Report) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 3,800 shares, a growth of 111.1% from the April 15th total of 1,800 shares. Based on an average daily trading volume, of 17,100 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of First Trust Europe AlphaDEX Fund

Several hedge funds and other institutional investors have recently bought and sold shares of FEP. Raymond James & Associates raised its stake in First Trust Europe AlphaDEX Fund by 60.4% in the 3rd quarter. Raymond James & Associates now owns 32,735 shares of the company's stock worth $1,081,000 after purchasing an additional 12,322 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in shares of First Trust Europe AlphaDEX Fund by 11.8% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 6,860 shares of the company's stock valued at $226,000 after buying an additional 722 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of First Trust Europe AlphaDEX Fund by 1.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 43,204 shares of the company's stock valued at $1,426,000 after buying an additional 761 shares in the last quarter. Park Avenue Securities LLC raised its position in shares of First Trust Europe AlphaDEX Fund by 35.5% in the 3rd quarter. Park Avenue Securities LLC now owns 13,919 shares of the company's stock valued at $459,000 after buying an additional 3,648 shares in the last quarter. Finally, Assetmark Inc. raised its position in shares of First Trust Europe AlphaDEX Fund by 131.4% in the 3rd quarter. Assetmark Inc. now owns 30,620 shares of the company's stock valued at $1,011,000 after buying an additional 17,389 shares in the last quarter.

First Trust Europe AlphaDEX Fund Price Performance

First Trust Europe AlphaDEX Fund stock traded up $0.20 during midday trading on Friday, hitting $38.68. The company's stock had a trading volume of 12,377 shares, compared to its average volume of 20,259. First Trust Europe AlphaDEX Fund has a 1-year low of $30.76 and a 1-year high of $38.71. The company has a 50-day moving average price of $37.27 and a two-hundred day moving average price of $35.75. The company has a market cap of $218.54 million, a price-to-earnings ratio of -58.61 and a beta of 1.09.

First Trust Europe AlphaDEX Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a $0.2853 dividend. This represents a $1.14 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Thursday, March 21st. First Trust Europe AlphaDEX Fund's dividend payout ratio (DPR) is -218.18%.

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.

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