First Trust Europe AlphaDEX Fund (
NASDAQ:FEP -
Get Free Report) was the target of a large decrease in short interest in August. As of August 15th, there was short interest totaling 20,800 shares, adecreaseof32.2% from the July 31st total of 30,700 shares. Based on an average trading volume of 30,300 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 30,300 shares, the days-to-cover ratio is currently 0.7 days.
Institutional Investors Weigh In On First Trust Europe AlphaDEX Fund
Several hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. lifted its position in shares of First Trust Europe AlphaDEX Fund by 33.2% in the 2nd quarter. Osaic Holdings Inc. now owns 93,189 shares of the company's stock valued at $4,424,000 after acquiring an additional 23,224 shares in the last quarter. Coppell Advisory Solutions LLC lifted its position in shares of First Trust Europe AlphaDEX Fund by 9.8% in the 2nd quarter. Coppell Advisory Solutions LLC now owns 63,242 shares of the company's stock valued at $3,002,000 after acquiring an additional 5,629 shares in the last quarter. FSB Premier Wealth Management Inc. lifted its position in shares of First Trust Europe AlphaDEX Fund by 8.7% in the 2nd quarter. FSB Premier Wealth Management Inc. now owns 7,208 shares of the company's stock valued at $345,000 after acquiring an additional 575 shares in the last quarter. MML Investors Services LLC lifted its position in shares of First Trust Europe AlphaDEX Fund by 41.6% in the 2nd quarter. MML Investors Services LLC now owns 48,865 shares of the company's stock valued at $2,336,000 after acquiring an additional 14,358 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its stake in First Trust Europe AlphaDEX Fund by 20.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 38,663 shares of the company's stock valued at $1,848,000 after buying an additional 6,650 shares during the period.
First Trust Europe AlphaDEX Fund Stock Performance
Shares of NASDAQ:FEP traded up $0.19 during mid-day trading on Friday, hitting $49.45. The stock had a trading volume of 11,786 shares, compared to its average volume of 36,085. The company has a market cap of $306.59 million, a PE ratio of -74.92 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 $51.33. The company's 50 day moving average is $48.95 and its 200-day moving average is $45.16.
First Trust Europe AlphaDEX Fund Increases Dividend
The company 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 a boost from First Trust Europe AlphaDEX Fund's previous quarterly dividend of $0.11. The ex-dividend date was Thursday, June 26th. This represents a $3.82 annualized dividend and a dividend yield of 7.7%. First Trust Europe AlphaDEX Fund's payout ratio is currently -246.97%.
About First Trust Europe AlphaDEX Fund
(
Get Free Report)
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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