First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Sees Large Decline in Short Interest

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 16,008 shares, a decrease of 29.2% from the December 15th total of 22,610 shares. Based on an average daily volume of 7,425 shares, the short-interest ratio is presently 2.2 days. Currently, 0.5% of the shares of the company are sold short. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 7,425 shares, the short-interest ratio is presently 2.2 days.

First Trust Japan AlphaDEX Fund Stock Up 0.5%

FJP traded up $0.32 on Friday, hitting $70.79. The company’s stock had a trading volume of 13,233 shares, compared to its average volume of 11,248. First Trust Japan AlphaDEX Fund has a 12 month low of $43.52 and a 12 month high of $71.34. The firm has a market cap of $290.24 million, a P/E ratio of 10.49 and a beta of 0.59. The company’s 50 day simple moving average is $67.95 and its 200-day simple moving average is $65.21.

First Trust Japan AlphaDEX Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $1.3356 per share. This represents a $5.34 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date was Friday, December 12th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its position in shares of First Trust Japan AlphaDEX Fund by 2,389.0% during the 1st quarter. Jones Financial Companies Lllp now owns 9,309 shares of the company’s stock valued at $510,000 after purchasing an additional 8,935 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of First Trust Japan AlphaDEX Fund by 2.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 88,539 shares of the company’s stock worth $5,301,000 after acquiring an additional 2,033 shares in the last quarter. ABLE Financial Group LLC bought a new stake in shares of First Trust Japan AlphaDEX Fund in the 2nd quarter worth approximately $212,000. Traction Financial Partners LLC purchased a new stake in shares of First Trust Japan AlphaDEX Fund in the 2nd quarter valued at $234,000. Finally, Janney Montgomery Scott LLC raised its position in First Trust Japan AlphaDEX Fund by 4.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 15,503 shares of the company’s stock worth $926,000 after purchasing an additional 641 shares during the period.

About First Trust Japan AlphaDEX Fund

The First Trust Japan AlphaDEX Fund (FJP) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Japan index. The fund tracks a tiered equal-weighted index of Japanese equities selected using both growth and value screens. FJP was launched on Apr 18, 2011 and is managed by First Trust.