First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Short Interest Update

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 17,000 shares, an increase of 120.8% from the February 13th total of 7,700 shares. Based on an average daily volume of 31,000 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Iams Wealth Management LLC boosted its stake in shares of First Trust Europe AlphaDEX Fund by 2.8% during the 4th quarter. Iams Wealth Management LLC now owns 16,833 shares of the company’s stock worth $603,000 after acquiring an additional 466 shares during the period. Park Avenue Securities LLC lifted its holdings in First Trust Europe AlphaDEX Fund by 12.1% during the 4th quarter. Park Avenue Securities LLC now owns 16,551 shares of the company’s stock worth $593,000 after purchasing an additional 1,784 shares during the last quarter. Pine Valley Investments Ltd Liability Co acquired a new stake in First Trust Europe AlphaDEX Fund during the 3rd quarter worth approximately $209,000. Sanctuary Advisors LLC lifted its holdings in First Trust Europe AlphaDEX Fund by 16.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,457 shares of the company’s stock worth $344,000 after purchasing an additional 1,330 shares during the last quarter. Finally, HighTower Advisors LLC acquired a new stake in First Trust Europe AlphaDEX Fund during the 3rd quarter worth approximately $210,000.

First Trust Europe AlphaDEX Fund Stock Up 2.6 %

Shares of NASDAQ FEP traded up $1.08 during midday trading on Friday, hitting $42.18. 24,098 shares of the company’s stock were exchanged, compared to its average volume of 32,169. First Trust Europe AlphaDEX Fund has a 12 month low of $35.04 and a 12 month high of $42.54. The company’s 50 day moving average price is $38.44 and its 200 day moving average price is $37.83. The firm has a market capitalization of $217.23 million, a PE ratio of -63.91 and a beta of 1.09.

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.