The number of short positions held in the First Trust Europe AlphaDEX Fund exploded in September, as evidenced by the meteoric rise in the number of short positions (NASDAQ: FEP). As of September 15, there were 639,600 shares on loan, representing a 30.4% increase from the 490,400 on loan the previous day. The number of days required to cover an amount is currently 13.9 days. This figure stems from the fact that on average, 46,000 shares are bought and sold daily.
Additionally, the company recently announced that it will implement a quarterly dividend, which is expected to be paid the following Friday, September 30. On Monday, September 26, the updated dividend payments will be distributed to shareholders. in the form of a payment equal to $0.171 per share. Calculated on an annualized basis, this gives a dividend of $0.68 and a yield of 2.59%. This dividend will be payable to shareholders whose accounts are in good standing this Friday, September 23.
At midday on Friday, the NASDAQ: FEP saw a gain of 0.10 points, bringing its total value to $26.38. The company’s share volume was significantly above its usual level of 76,176 shares, reaching 177,551. The price of the First Trust Europe AlphaDEX fund hit an all-time high of $44.47 and an all-time low of 25.75 $ a year ago. These two prices are historical records. Additionally, the stock price has a 50-day moving average of $30.52 and its price has a 200-day moving average of $33.56.
Over the past few months, several major investors have made adjustments to their holdings in FEP. In the first three months of the year, Kestra Advisory Services LLC recorded a 142.0% increase in the number of shares held in First Trust Europe AlphaDEX Fund. Following the acquisition of 24,197 additional shares during the last quarter, Kestra Advisory Services LLC now owns 41,234 shares. The value of Kestra Advisory Services LLC’s stock holdings is $1,593,000. The value of CWM LLC’s investment in First Trust Europe AlphaDEX Fund increased by 791.6% in the first three months of 2018, according to the fund’s quarterly report. This brings the total number of shares held by the company to 2,113, which are worth $82,000, thanks to the fact that CWM LLC was able to acquire an additional 1,876 during the reporting period. The percentage of First Trust Europe AlphaDEX Fund shares held by Avantax Advisory Services Inc. increased by 4.2% in the first three months of the year. Following the purchase of an additional 5,497 shares during the last quarter, Avantax Advisory Services Inc. now owns a total of 136,664 shares of the company, which are now valued at $5,278,000. Transcend Capital Advisors LLC increased its holding in shares of the First Trust Europe AlphaDEX fund by 5.0% in the first three months of the year. Transcend Capital Advisors LLC now owns 6,981 shares of the company, which are worth $270,000 after purchasing 330 additional shares during the period in question. This brings the total number of shares held by the company to 6,981. PFG Advisors increased the proportion of First Trust Europe AlphaDEX fund shares it held by 30.0% in the first three months of the year . This is the last point but not the least. PFG Advisors now directly owns 9,395 shares of the company, which have a value of $363,000, thanks to the purchase of an additional 2,169 shares of the company during the last financial quarter.
