First Trust Dynamic Europe Equity Income Fund (NYSE:FDEU) Sees Large Increase in Short Interest

First Trust Dynamic Europe Equity Income Fund (NYSE:FDEUGet Rating) was the recipient of a significant increase in short interest in December. As of December 30th, there was short interest totalling 53,800 shares, an increase of 407.5% from the December 15th total of 10,600 shares. Based on an average trading volume of 73,000 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FDEU. Allspring Global Investments Holdings LLC lifted its holdings in shares of First Trust Dynamic Europe Equity Income Fund by 7.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,056,732 shares of the company’s stock valued at $38,701,000 after purchasing an additional 269,714 shares in the last quarter. City of London Investment Management Co. Ltd. lifted its holdings in shares of First Trust Dynamic Europe Equity Income Fund by 2.7% in the first quarter. City of London Investment Management Co. Ltd. now owns 1,671,926 shares of the company’s stock valued at $21,133,000 after purchasing an additional 44,530 shares in the last quarter. 1607 Capital Partners LLC lifted its holdings in shares of First Trust Dynamic Europe Equity Income Fund by 0.4% in the third quarter. 1607 Capital Partners LLC now owns 1,331,133 shares of the company’s stock valued at $12,699,000 after purchasing an additional 4,946 shares in the last quarter. Sit Investment Associates Inc. lifted its holdings in shares of First Trust Dynamic Europe Equity Income Fund by 64.8% in the second quarter. Sit Investment Associates Inc. now owns 866,127 shares of the company’s stock valued at $9,640,000 after purchasing an additional 340,613 shares in the last quarter. Finally, Bulldog Investors LLP lifted its holdings in shares of First Trust Dynamic Europe Equity Income Fund by 325.9% in the third quarter. Bulldog Investors LLP now owns 361,969 shares of the company’s stock valued at $3,453,000 after purchasing an additional 276,978 shares in the last quarter.

First Trust Dynamic Europe Equity Income Fund Trading Up 0.2 %

FDEU stock opened at $12.12 on Wednesday. The business’s 50-day moving average price is $11.30 and its two-hundred day moving average price is $10.84. First Trust Dynamic Europe Equity Income Fund has a 1-year low of $9.27 and a 1-year high of $14.13.

First Trust Dynamic Europe Equity Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Wednesday, January 4th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, January 3rd. This is a positive change from First Trust Dynamic Europe Equity Income Fund’s previous monthly dividend of $0.06. This represents a $0.84 annualized dividend and a yield of 6.93%.

First Trust Dynamic Europe Equity Income Fund Company Profile

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First Trust Dynamic Europe Equity Income Fund is a close ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Henderson Global Investors (North America) Inc and Henderson Investment Management Limited. It invests in the public equity markets of Europe. The fund seeks to invest in stocks of companies operating across diversified sectors.

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