First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Short Interest Down 5.7% in November

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 15,000 shares, a decrease of 5.7% from the October 31st total of 15,900 shares. Based on an average trading volume of 12,300 shares, the days-to-cover ratio is currently 1.2 days.

First Trust Europe AlphaDEX Fund Trading Up 0.3 %

Shares of NASDAQ FEP opened at $37.12 on Thursday. First Trust Europe AlphaDEX Fund has a twelve month low of $34.56 and a twelve month high of $39.86. The company has a market capitalization of $200.45 million, a price-to-earnings ratio of -56.24 and a beta of 1.09. The firm has a 50-day moving average of $37.56 and a two-hundred day moving average of $37.94.

First Trust Europe AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.2959 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Thursday, September 26th. First Trust Europe AlphaDEX Fund’s payout ratio is -257.58%.

Institutional Investors Weigh In On First Trust Europe AlphaDEX Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James & Associates lifted its holdings in First Trust Europe AlphaDEX Fund by 3.1% in the 2nd quarter. Raymond James & Associates now owns 40,978 shares of the company’s stock valued at $1,508,000 after acquiring an additional 1,245 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in First Trust Europe AlphaDEX Fund by 5.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 50,814 shares of the company’s stock valued at $1,870,000 after buying an additional 2,853 shares in the last quarter. IFG Advisory LLC purchased a new stake in First Trust Europe AlphaDEX Fund during the second quarter valued at about $228,000. Patriot Financial Group Insurance Agency LLC lifted its stake in First Trust Europe AlphaDEX Fund by 6.6% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 8,191 shares of the company’s stock valued at $302,000 after buying an additional 508 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC purchased a new stake in First Trust Europe AlphaDEX Fund during the second quarter valued at about $262,000.

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.