Short Interest in First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Sees 30.7% Increase

The First Trust Europe AlphaDEX Fund (NASDAQ:FEP - Get Free Report) experienced a notable rise in short interest during the month of November. By November 30th, the short interest amounted to 19,600 shares, reflecting a significant increase of 30.7% compared to the 15,000 shares reported on November 15th. Given the average trading volume of 13,600 shares, the current short-interest ratio stands at 1.4 days.

First Trust Europe AlphaDEX Fund Stock Performance

On Friday, shares of FEP saw an increase of $0.19 during mid-day trading, bringing the price to $36.93. There were 16,839 shares traded, slightly below its average volume of 17,516 shares. The fund has a market capitalization of $199.42 million, with a price-to-earnings ratio of -55.95 and a beta rating of 1.09. The stock has recently displayed a 50-day moving average price of $37.37 and a two-hundred-day moving average price of $37.84. In the past year, First Trust Europe AlphaDEX Fund recorded a low of $34.56 and a high of $39.86.

First Trust Europe AlphaDEX Fund Dividend Announcement

The company has also announced a dividend, which is scheduled to be paid on Tuesday, December 31st. Shareholders who are on record as of Friday, December 13th will receive a dividend of $0.2698 per share, with the ex-dividend date set for the same day, December 13th. The current dividend payout ratio for First Trust Europe AlphaDEX Fund is noted at -257.58%.

Institutional Investors Consider First Trust Europe AlphaDEX Fund

Several hedge funds have recently adjusted their positions in First Trust Europe AlphaDEX Fund. For instance, Assetmark Inc. increased its holdings by 13.2% in the third quarter, now owning 90,588 shares valued at $3,527,000 after adding 10,543 shares during this timeframe. Similarly, Cambridge Investment Research Advisors Inc. expanded its stake in the fund by 5.9% in the second quarter, and now has 50,814 shares worth $1,870,000, following the acquisition of an additional 2,853 shares. Other notable investment adjustments include Janney Montgomery Scott LLC, which raised its stake by 2.1%, and Raymond James & Associates, which lifted its holdings by 3.1% during the same period.

About First Trust Europe AlphaDEX Fund

First Trust Europe AlphaDEX Fund (FEP) is an exchange-traded fund that follows the NASDAQ AlphaDEX Europe Index. It is designed to track an equal-weighted index of 200 companies selected based on the S&P AlphaDex selection methodology from the S&P Europe BMI. This fund was launched on April 18, 2011, and is managed by First Trust.

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