Short Interest in First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Rises By 120.8%

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) was the recipient of a significant increase in short interest in February. As of February 28th, there was short interest totalling 17,000 shares, an increase of 120.8% from the February 13th total of 7,700 shares. Based on an average trading volume of 31,000 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the company’s stock are short sold.

First Trust Europe AlphaDEX Fund Stock Up 2.6 %

Shares of NASDAQ:FEP opened at $42.18 on Friday. The firm’s 50 day moving average price is $38.57 and its 200 day moving average price is $37.85. The stock has a market cap of $217.23 million, a price-to-earnings ratio of -63.91 and a beta of 1.09. First Trust Europe AlphaDEX Fund has a fifty-two week low of $35.04 and a fifty-two week high of $42.54.

Institutional Trading of First Trust Europe AlphaDEX Fund

Several hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in First Trust Europe AlphaDEX Fund by 1.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 308,361 shares of the company’s stock worth $11,044,000 after purchasing an additional 4,872 shares in the last quarter. Cetera Investment Advisers raised its holdings in First Trust Europe AlphaDEX Fund by 3.1% during the fourth quarter. Cetera Investment Advisers now owns 112,038 shares of the company’s stock worth $4,013,000 after purchasing an additional 3,387 shares in the last quarter. Assetmark Inc. raised its holdings in First Trust Europe AlphaDEX Fund by 18.3% during the fourth quarter. Assetmark Inc. now owns 107,122 shares of the company’s stock worth $3,837,000 after purchasing an additional 16,534 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in First Trust Europe AlphaDEX Fund during the fourth quarter worth approximately $3,816,000. Finally, Coppell Advisory Solutions LLC raised its holdings in First Trust Europe AlphaDEX Fund by 16.9% during the fourth quarter. Coppell Advisory Solutions LLC now owns 93,438 shares of the company’s stock worth $3,375,000 after purchasing an additional 13,537 shares in the last quarter.

About First Trust Europe AlphaDEX Fund

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.