First Trust Eurozone AlphaDEX ETF (NASDAQ:FEUZ) Shares Shorted: Short Interest Down 50.1% in September

by · The Cerbat Gem

First Trust Eurozone AlphaDEX ETF (NASDAQ:FEUZ – Get Free Report) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 3,514 shares, a drop of 50.1% from the August 31st total of 7,045 shares. Based on an average daily volume of 2,014 shares, the short-interest ratio is presently 1.7 days. Approximately 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On First Trust Eurozone AlphaDEX ETF

Several hedge funds have recently bought and sold shares of FEUZ. Rathbones Group PLC increased its position in shares of First Trust Eurozone AlphaDEX ETF by 8.6% in the first quarter. Rathbones Group PLC now owns 112,758 shares of the company’s stock valued at $7,021,000 after buying an additional 8,901 shares in the last quarter. Royal Bank of Canada purchased a new stake in shares of First Trust Eurozone AlphaDEX ETF in the 1st quarter worth about $46,000. First Trust Advisors LP grew its stake in First Trust Eurozone AlphaDEX ETF by 52.4% in the 1st quarter. First Trust Advisors LP now owns 937,185 shares of the company’s stock valued at $58,359,000 after acquiring an additional 322,123 shares during the last quarter. Montag A & Associates Inc. purchased a new position in First Trust Eurozone AlphaDEX ETF during the 1st quarter valued at about $200,000. Finally, Hyposwiss Advisors SA acquired a new position in First Trust Eurozone AlphaDEX ETF during the fourth quarter worth about $288,000.

First Trust Eurozone AlphaDEX ETF Stock Performance

FEUZ stock traded down $0.86 during trading on Wednesday, reaching $64.03. 597 shares of the company were exchanged, compared to its average volume of 11,999. The stock’s 50 day moving average price is $67.60 and its 200 day moving average price is $66.69. First Trust Eurozone AlphaDEX ETF has a 52-week low of $57.01 and a 52-week high of $73.02. The company has a market cap of $115.26 million, a P/E ratio of 11.07 and a beta of 0.87.

First Trust Eurozone AlphaDEX ETF Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 24th will be issued a $0.4126 dividend. The ex-dividend date is Thursday, September 24th. This represents a $1.65 dividend on an annualized basis and a dividend yield of 2.6%. This is a decrease from First Trust Eurozone AlphaDEX ETF’s previous quarterly dividend of $1.0851.

First Trust Eurozone AlphaDEX ETF Company Profile

(Get Free Report)

The First Trust Eurozone AlphaDEX ETF (FEUZ) is an exchange-traded fund that is based on the Nasdaq AlphaDex Eurozone index. The fund tracks an index of firms operating in the Eurozone, selected by growth and value factors and equal-weighted within tiers. FEUZ was launched on Oct 22, 2014 and is managed by First Trust.

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