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

by · The Cerbat Gem

First Trust Europe AlphaDEX Fund (NASDAQ:FEP – Get Free Report) was the recipient of a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 23,200 shares, a decline of 26.8% from the March 15th total of 31,700 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 43,100 shares, the short-interest ratio is presently 0.5 days.

First Trust Europe AlphaDEX Fund Stock Up 1.2 %

Shares of NASDAQ FEP traded up $0.48 during trading hours on Friday, hitting $41.18. 15,711 shares of the stock were exchanged, compared to its average volume of 23,468. First Trust Europe AlphaDEX Fund has a 12 month low of $33.02 and a 12 month high of $43.15. The firm has a fifty day moving average price of $40.41 and a 200-day moving average price of $38.22. The company has a market cap of $226.49 million, a PE ratio of -62.39 and a beta of 1.09.

First Trust Europe AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.1115 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Thursday, March 27th. First Trust Europe AlphaDEX Fund’s payout ratio is presently -240.91%.

Institutional Trading of First Trust Europe AlphaDEX Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Synergy Investment Management LLC purchased a new stake in First Trust Europe AlphaDEX Fund in the fourth quarter valued at about $86,000. Tucker Asset Management LLC raised its position in shares of First Trust Europe AlphaDEX Fund by 63.3% in the 4th quarter. Tucker Asset Management LLC now owns 2,467 shares of the company’s stock valued at $88,000 after purchasing an additional 956 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in First Trust Europe AlphaDEX Fund by 76.6% in 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 in the last quarter. Principal Securities Inc. grew its position in First Trust Europe AlphaDEX Fund by 22.4% during the 4th quarter. Principal Securities Inc. now owns 2,875 shares of the company’s stock worth $103,000 after purchasing an additional 527 shares during the last quarter. Finally, Armis Advisers LLC acquired a new position in First Trust Europe AlphaDEX Fund during the 4th quarter valued at approximately $200,000.

First Trust Europe AlphaDEX Fund Company Profile

(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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