First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Short Interest Up 58.5% in December

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 33,013 shares, an increase of 58.5% from the December 15th total of 20,829 shares. Based on an average daily volume of 89,094 shares, the short-interest ratio is presently 0.4 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 89,094 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On First Trust Europe AlphaDEX Fund

Large investors have recently added to or reduced their stakes in the company. CX Institutional bought a new position in First Trust Europe AlphaDEX Fund during the third quarter valued at approximately $51,000. NewEdge Advisors LLC bought a new stake in shares of First Trust Europe AlphaDEX Fund in the 2nd quarter valued at about $51,000. Rossby Financial LCC boosted its holdings in First Trust Europe AlphaDEX Fund by 32.5% during the 3rd quarter. Rossby Financial LCC now owns 1,257 shares of the company’s stock valued at $65,000 after acquiring an additional 308 shares during the period. Jones Financial Companies Lllp grew its position in First Trust Europe AlphaDEX Fund by 199.0% during the 1st quarter. Jones Financial Companies Lllp now owns 1,818 shares of the company’s stock worth $74,000 after acquiring an additional 1,210 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in First Trust Europe AlphaDEX Fund by 48.5% in the second quarter. JPMorgan Chase & Co. now owns 1,930 shares of the company’s stock valued at $92,000 after purchasing an additional 630 shares during the last quarter.

First Trust Europe AlphaDEX Fund Trading Up 0.4%

First Trust Europe AlphaDEX Fund stock traded up $0.23 during midday trading on Friday, reaching $55.51. The stock had a trading volume of 24,529 shares, compared to its average volume of 32,657. The company has a fifty day moving average price of $52.76 and a two-hundred day moving average price of $50.88. The company has a market capitalization of $427.43 million, a P/E ratio of -84.11 and a beta of 0.98. First Trust Europe AlphaDEX Fund has a 12 month low of $33.02 and a 12 month high of $55.56.

First Trust Europe AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.5446 dividend. This is an increase from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, December 12th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 3.9%. First Trust Europe AlphaDEX Fund’s payout ratio is presently -271.21%.

About First Trust Europe AlphaDEX Fund

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.