Short-term stake in First Trust Europe AlphaDEX (NASDAQ:FEP) fund rises 92.1%

First Trust Europe AlphaDEX Fund (NASDAQ:FEP – Get a rating) recorded a significant increase in short-term interest in July. As of July 31, there was short interest totaling 507,700 shares, an increase of 92.1% from the July 15 total of 264,300 shares. Based on an average daily volume of 60,500 shares, the days-to-cover ratio is currently 8.4 days.

First Trust Europe AlphaDEX fund share up 2.5%

EFF rose $0.81 during Thursday’s trading, hitting $32.80. 30,120 shares were traded, against an average volume of 80,474. The First Trust Europe AlphaDEX fund has a 1-year low of $28.88 and a 1-year high of $45.03. The company’s 50-day moving average price is $32.20 and its two-hundred-day moving average price is $35.91.

First Trust Europe AlphaDEX fund increases its dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30. Shareholders of record on Monday, June 27 received a dividend of $0.768. This is an increase from the First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.03. The ex-dividend date was Friday, June 24. This represents an annualized dividend of $3.07 and a dividend yield of 9.37%.

Institutional entries and exits

Institutional investors and hedge funds have recently bought and sold shares of the company. Worth Asset Management LLC bought a new position in the First Trust Europe AlphaDEX fund during Q1 for a value of approximately $33,000. Steward Partners Investment Advisory LLC increased its position in shares of the First Trust Europe AlphaDEX fund by 25.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,650 shares of the company worth $52,000 after purchasing an additional 330 shares during the period. Prospera Financial Services Inc acquired a new stake in shares of First Trust Europe AlphaDEX Fund during Q1 for a value of approximately $54,000. Clearstead Advisors LLC acquired a new stake in shares of the First Trust Europe AlphaDEX Fund during Q4 for a value of approximately $78,000. Finally, CWM LLC increased its position in shares of the First Trust Europe AlphaDEX fund by 791.6% during the 1st quarter. CWM LLC now owns 2,113 shares of the company worth $82,000 after purchasing an additional 1,876 shares during the period.

Further reading

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