Short Interest in First Trust Eurozone AlphaDEX ETF (NASDAQ:FEUZ) Drops By 39.6%

First Trust Eurozone AlphaDEX ETF (NASDAQ:FEUZ) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 6,680 shares, a decrease of 39.6% from the April 30th total of 11,063 shares. Based on an average daily trading volume, of 7,077 shares, the short-interest ratio is presently 0.9 days. Approximately 0.3% of the company’s stock are short sold.

First Trust Eurozone AlphaDEX ETF Stock Performance

Shares of NASDAQ:FEUZ traded down $0.35 during mid-day trading on Thursday, hitting $68.57. 1,064 shares of the company traded hands, compared to its average volume of 18,351. The firm’s 50 day simple moving average is $66.23 and its 200 day simple moving average is $63.91. The firm has a market cap of $144.00 million, a P/E ratio of 11.07 and a beta of 0.87. First Trust Eurozone AlphaDEX ETF has a 52-week low of $52.96 and a 52-week high of $73.02.

First Trust Eurozone AlphaDEX ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.0137 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.05 annualized dividend and a yield of 0.1%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FEUZ. Royal Bank of Canada purchased a new position in First Trust Eurozone AlphaDEX ETF in the 1st quarter valued at about $46,000. First Trust Advisors LP increased its position in shares of First Trust Eurozone AlphaDEX ETF by 52.4% during the first quarter. First Trust Advisors LP now owns 937,185 shares of the company’s stock worth $58,359,000 after acquiring an additional 322,123 shares during the last quarter. Montag A & Associates Inc. acquired a new position in shares of First Trust Eurozone AlphaDEX ETF in the first quarter worth about $200,000. NewEdge Advisors LLC boosted its holdings in First Trust Eurozone AlphaDEX ETF by 1.4% in the fourth quarter. NewEdge Advisors LLC now owns 36,968 shares of the company’s stock valued at $2,270,000 after purchasing an additional 513 shares during the last quarter. Finally, Hyposwiss Advisors SA acquired a new stake in First Trust Eurozone AlphaDEX ETF during the 4th quarter valued at approximately $288,000.

First Trust Eurozone AlphaDEX ETF Company Profile

The First Trust Eurozone AlphaDEX ETF (FEUZ) is an exchange-traded fund that is based on the Nasdaq AlphaDex Eurozone index. The fund tracks an index of firms operating in the Eurozone, selected by growth and value factors and equal-weighted within tiers. FEUZ was launched on Oct 22, 2014 and is managed by First Trust.