First Trust Dynamic Europe Equity Income Fund (NYSE: FDEU) Short interest down 14.5% in May


The First Trust Dynamic Europe Equity Income Fund (NYSE: FDEU – Get Rating) saw a significant drop in short interest in May. As of May 31, there was selling interest totaling 49,500 shares, down 14.5% from the May 15 total of 57,900 shares. Based on an average daily trading volume of 40,800 shares, the day-to-cover ratio is currently 1.2 days.

FDEU stock traded down $0.08 during Friday’s trading, hitting $10.87. The company had a trading volume of 3,044 shares, compared to an average volume of 54,736. The company has a 50-day moving average of $11.95 and a 200-day moving average of $12.55. The First Trust Dynamic European Equity Income Fund has a one-year minimum of $10.88 and a one-year maximum of $14.13.

The company also recently declared a monthly dividend, which was paid on Wednesday, June 15. Shareholders of record on Thursday, June 2 received a dividend of $0.06 per share. This represents a dividend of $0.72 on an annualized basis and a dividend yield of 6.62%. The ex-dividend date was Wednesday, June 1.

Several institutional investors have recently bought and sold shares of FDEU. Spire Wealth Management bought a new equity position in the First Trust Dynamic Europe Equity Income Fund during Q1 for a value of approximately $25,000. Bulldog Investors LLP bought a new equity position in First Trust Dynamic Europe Equity Income Fund during Q4 for a value of approximately $133,000. Guggenheim Capital LLC purchased a new equity position in First Trust Dynamic Europe Equity Income Fund during Q1 for approximately $151,000. Goldman Sachs Group Inc. purchased a new equity position in First Trust Dynamic Europe Equity Income Fund during Q3 for a value of approximately $173,000. Finally, Merit Financial Group LLC bought a new equity position in First Trust Dynamic Europe Equity Income Fund in Q1 worth $177,000.

Company Profile First Trust Dynamic Europe Equity Income Fund (Get a rating)

First Trust Dynamic Europe Equity Income Fund is a closed-end equity mutual fund launched and managed by First Trust Advisors LP. The fund is co-managed by Henderson Global Investors (North America) Inc and Henderson Investment Management Limited. It invests in European stock markets. The fund seeks to invest in shares of companies operating in diversified sectors.

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Mary I. Bruner