First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Short Interest Up 30.7% in November

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the recipient of a large increase in short interest in 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.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. RPg Family Wealth Advisory LLC bought a new stake in First Trust Europe AlphaDEX Fund during the 2nd quarter worth approximately $728,000. Benjamin Edwards Inc. raised its holdings in First Trust Europe AlphaDEX Fund by 702.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 16,451 shares of the company’s stock valued at $641,000 after acquiring an additional 14,401 shares during the period. Assetmark Inc. raised its holdings in First Trust Europe AlphaDEX Fund by 13.2% during the 3rd quarter. Assetmark Inc. now owns 90,588 shares of the company’s stock valued at $3,527,000 after acquiring an additional 10,543 shares during the period. Sanctuary Advisors LLC bought a new position in shares of First Trust Europe AlphaDEX Fund in the second quarter worth $304,000. Finally, Signature Estate & Investment Advisors LLC bought a new position in shares of First Trust Europe AlphaDEX Fund in the second quarter worth $262,000.

First Trust Europe AlphaDEX Fund Price Performance

Shares of NASDAQ FEP traded up $0.19 during mid-day trading on Friday, hitting $36.93. 16,839 shares of the stock traded hands, compared to its average volume of 17,516. 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 cap of $199.42 million, a PE ratio of -55.95 and a beta of 1.09. The firm has a 50 day simple moving average of $37.37 and a two-hundred day simple moving average of $37.83.

First Trust Europe AlphaDEX Fund Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Shareholders 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 payout ratio is presently -257.58%.

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.