First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Sees Significant Growth in Short Interest

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 19,600 shares, an increase of 30.7% from the November 15th total of 15,000 shares. Based on an average daily volume of 13,600 shares, the days-to-cover ratio is presently 1.4 days.

First Trust Europe AlphaDEX Fund Price Performance

Shares of FEP traded up $0.19 during midday trading on Friday, hitting $36.93. 16,839 shares of the company traded hands, compared to its average volume of 17,516. First Trust Europe AlphaDEX Fund has a one year low of $34.56 and a one year high of $39.86. The firm has a market cap of $199.42 million, a P/E ratio of -55.95 and a beta of 1.09. The stock has a 50-day moving average of $37.37 and a 200-day moving average of $37.83.

First Trust Europe AlphaDEX Fund Announces Dividend

The company also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.2698 per share. The ex-dividend date of this dividend is Friday, December 13th. First Trust Europe AlphaDEX Fund’s dividend payout ratio (DPR) is presently -257.58%.

Institutional Trading of First Trust Europe AlphaDEX Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of First Trust Europe AlphaDEX Fund in the 2nd quarter valued at about $33,000. Walker Asset Management LLC purchased a new stake in First Trust Europe AlphaDEX Fund in the third quarter valued at approximately $203,000. Pine Valley Investments Ltd Liability Co bought a new stake in First Trust Europe AlphaDEX Fund during the third quarter valued at approximately $209,000. Pinnacle Family Advisors LLC purchased a new position in First Trust Europe AlphaDEX Fund in the 3rd quarter worth approximately $209,000. Finally, HighTower Advisors LLC purchased a new position in First Trust Europe AlphaDEX Fund in the 3rd quarter worth approximately $210,000.

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.