First Trust Europe AlphaDEX Fund (NASDAQ:FEP - Get Free Report) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 20,800 shares, a growth of 6.1% from the November 30th total of 19,600 shares. Based on an average daily volume of 16,700 shares, the days-to-cover ratio is currently 1.2 days.
A number of hedge funds have recently modified their holdings of FEP. JPMorgan Chase & Co. raised its position in First Trust Europe AlphaDEX Fund by 76.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,307 shares of the company's stock worth $90,000 after purchasing an additional 1,001 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of First Trust Europe AlphaDEX Fund by 16.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 9,457 shares of the company's stock worth $344,000 after acquiring an additional 1,330 shares in the last quarter. Pine Valley Investments Ltd Liability Co acquired a new position in shares of First Trust Europe AlphaDEX Fund in the 3rd quarter valued at about $209,000. MML Investors Services LLC boosted its position in shares of First Trust Europe AlphaDEX Fund by 9.3% during the 3rd quarter. MML Investors Services LLC now owns 36,814 shares of the company's stock valued at $1,434,000 after purchasing an additional 3,123 shares in the last quarter. Finally, Orion Portfolio Solutions LLC grew its stake in First Trust Europe AlphaDEX Fund by 14.0% during the third quarter. Orion Portfolio Solutions LLC now owns 30,087 shares of the company's stock worth $1,172,000 after purchasing an additional 3,697 shares during the period.
Shares of NASDAQ FEP opened at $35.81 on Wednesday. The company has a 50 day simple moving average of $36.83 and a 200 day simple moving average of $37.58. First Trust Europe AlphaDEX Fund has a 1 year low of $34.56 and a 1 year high of $39.86. The firm has a market cap of $193.37 million, a PE ratio of -54.26 and a beta of 1.09.
The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.2698 per share. The ex-dividend date of this dividend was Friday, December 13th. First Trust Europe AlphaDEX Fund's payout ratio is currently -268.18%.
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.
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