First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Short yield down 38.1% in April


First Trust Europe AlphaDEX Fund (NASDAQ: EFFGet a rating) benefited from a significant drop in short-term interest rates in April. As of April 30, there were short interests totaling 1,300 shares, down 38.1% from the April 15 total of 2,100 shares. Based on an average trading volume of 94,800 shares, the short-term interest rate ratio is currently 0.0 day.

Shares of First Trust Europe AlphaDEX Fund Shares opened at $34.35 on Friday. The stock has a 50-day moving average of $37.09 and a 200-day moving average of $40.28. The First Trust Europe AlphaDEX fund has a 12-month low of $33.29 and a 12-month high of $45.52.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31. Investors of record on Monday, March 28 received a dividend of $0.025 per share. This represents a dividend of $0.10 on an annualized basis and a yield of 0.29%. The ex-dividend date was Friday, March 25.

Institutional investors have recently changed their positions in the stock. True Link Financial Advisors LLC bought a new position in the First Trust Europe AlphaDEX fund during the fourth quarter, valued at approximately $31,000. Worth Asset Management LLC bought a new position in the First Trust Europe AlphaDEX fund during the first quarter, valued at approximately $33,000. Prospera Financial Services Inc bought a new position in the First Trust Europe AlphaDEX fund during the first quarter, valued at approximately $54,000. Creative Financial Designs Inc. ADV increased its stake in First Trust Europe AlphaDEX Fund by 56.3% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,790 shares of the company valued at $77,000 after purchasing an additional 645 shares in the last quarter. Finally, Clearstead Advisors LLC bought a new position in the First Trust Europe AlphaDEX fund during the fourth quarter, valued at around $78,000.

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Mary I. Bruner