First Trust Europe AlphaDEX (NASDAQ:FEP) Fund Sees Significant Drop in Short-Term Interest

First Trust Europe AlphaDEX Fund (NASDAQ:FEP – Get a rating) experienced a significant decline in short-term interest during the month of May. As of May 31, there was short interest totaling 400 shares, down 78.9% from the May 15 total of 1,900 shares. Based on an average daily volume of 87,500 shares, the day-to-cover ratio is currently 0.0 day.

Major investors have recently been buying and selling shares of the company. AE Wealth Management LLC increased its stake in shares of the First Trust Europe AlphaDEX Fund by 37.4% in the fourth quarter. AE Wealth Management LLC now owns 23,759 shares of the company worth $1,024,000 after purchasing an additional 6,465 shares last quarter. SC Financial Services Inc. acquired a new stake in First Trust Europe AlphaDEX Fund during the fourth quarter at a value of approximately $1,040,000. PFG Advisors acquired a new stake in First Trust Europe AlphaDEX Fund during the fourth quarter worth approximately $311,000. Avantax Advisory Services Inc. increased its position in First Trust Europe AlphaDEX Fund by 4.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 131,167 shares of the company worth $5,652,000 after purchasing an additional 5,648 shares in the last quarter. Finally, Kovack Advisors Inc. increased its position in the First Trust Europe AlphaDEX fund by 130.0% during the fourth quarter. Kovack Advisors Inc. now owns 13,799 shares of the company worth $595,000 after purchasing an additional 7,799 shares in the last quarter.

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Shares of FEP opened at $34.53 on Friday. The company’s 50-day moving average is $36.34 and its 200-day moving average is $39.19. The First Trust Europe AlphaDEX fund has a 12-month low of $33.29 and a 12-month high of $45.38.

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

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