First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Sees Large Growth in Short Interest

First Trust Europe AlphaDEX Fund (NASDAQ:FEP - Get Free Report) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totalling 16,200 shares, a growth of 337.8% from the April 30th total of 3,700 shares. Based on an average daily volume of 46,600 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the company's shares are short sold.

Institutional Trading of First Trust Europe AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in FEP. JPMorgan Chase & Co. raised its holdings in First Trust Europe AlphaDEX Fund by 76.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,307 shares of the company's stock worth $90,000 after purchasing an additional 1,001 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of First Trust Europe AlphaDEX Fund by 5.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 45,799 shares of the company's stock worth $1,640,000 after buying an additional 2,204 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in shares of First Trust Europe AlphaDEX Fund during the 4th quarter worth about $214,000. Gateway Wealth Partners LLC grew its position in shares of First Trust Europe AlphaDEX Fund by 7.0% during the 4th quarter. Gateway Wealth Partners LLC now owns 21,276 shares of the company's stock worth $762,000 after buying an additional 1,401 shares during the period. Finally, Iams Wealth Management LLC grew its position in shares of First Trust Europe AlphaDEX Fund by 2.8% during the 4th quarter. Iams Wealth Management LLC now owns 16,833 shares of the company's stock worth $603,000 after buying an additional 466 shares during the period.

First Trust Europe AlphaDEX Fund Stock Performance

NASDAQ:FEP traded down $0.18 on Friday, hitting $46.47. 17,139 shares of the stock were exchanged, compared to its average volume of 25,513. The stock has a market capitalization of $255.59 million, a price-to-earnings ratio of -70.41 and a beta of 1.09. First Trust Europe AlphaDEX Fund has a 52 week low of $33.02 and a 52 week high of $46.84. The company's 50-day moving average price is $42.48 and its 200 day moving average price is $39.58.

First Trust Europe AlphaDEX Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 annualized dividend and a yield of 0.96%. First Trust Europe AlphaDEX Fund's dividend payout ratio 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.