First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Short Interest Update

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 18,534 shares, an increase of 125.1% from the January 15th total of 8,232 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 10,669 shares, the days-to-cover ratio is presently 1.7 days. Based on an average daily trading volume, of 10,669 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.6% of the company’s shares are sold short.

First Trust Japan AlphaDEX Fund Stock Performance

Shares of First Trust Japan AlphaDEX Fund stock traded up $1.16 during midday trading on Thursday, reaching $81.45. 15,483 shares of the company’s stock traded hands, compared to its average volume of 13,382. The stock has a 50 day moving average of $70.30 and a 200-day moving average of $67.13. First Trust Japan AlphaDEX Fund has a 12 month low of $43.52 and a 12 month high of $81.68. The company has a market cap of $252.50 million, a PE ratio of 10.49 and a beta of 0.59.

First Trust Japan AlphaDEX Fund Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $1.3356 dividend. This represents a $5.34 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend was Friday, December 12th.

Hedge Funds Weigh In On First Trust Japan AlphaDEX Fund

Institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp lifted its holdings in shares of First Trust Japan AlphaDEX Fund by 2,389.0% during the first 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. Janney Montgomery Scott LLC raised its stake in First Trust Japan AlphaDEX Fund by 4.3% during the second quarter. Janney Montgomery Scott LLC now owns 15,503 shares of the company’s stock valued at $926,000 after buying an additional 641 shares during the last quarter. Harbour Investments Inc. boosted its holdings in First Trust Japan AlphaDEX Fund by 11.5% in the second quarter. Harbour Investments Inc. now owns 3,946 shares of the company’s stock worth $236,000 after acquiring an additional 408 shares in the last quarter. BlueChip Wealth Advisors LLC bought a new stake in First Trust Japan AlphaDEX Fund in the second quarter worth $207,000. Finally, Moser Wealth Advisors LLC purchased a new stake in shares of First Trust Japan AlphaDEX Fund in the second quarter worth $70,000.

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.