Short Interest in First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Increases By 48.0%

First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 11,561 shares, a growth of 48.0% from the December 31st total of 7,812 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average trading volume of 2,110 shares, the days-to-cover ratio is currently 5.5 days. Based on an average trading volume of 2,110 shares, the days-to-cover ratio is currently 5.5 days. Currently, 1.8% of the shares of the company are sold short.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Trading Down 0.9%

FPA stock traded down $0.41 during trading on Monday, hitting $43.24. 21,571 shares of the stock traded hands, compared to its average volume of 3,380. The stock has a market cap of $28.11 million, a price-to-earnings ratio of 10.39 and a beta of 0.97. The company has a 50 day simple moving average of $39.21 and a 200 day simple moving average of $38.03. First Trust Asia Pacific ex-Japan AlphaDEX Fund has a one year low of $24.19 and a one year high of $44.74.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $1.0012 per share. This is a positive change from First Trust Asia Pacific ex-Japan AlphaDEX Fund’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, December 12th. This represents a $4.00 annualized dividend and a dividend yield of 9.3%.

Hedge Funds Weigh In On First Trust Asia Pacific ex-Japan AlphaDEX Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Synergy Asset Management LLC raised its holdings in First Trust Asia Pacific ex-Japan AlphaDEX Fund by 100.0% during the 3rd quarter. Synergy Asset Management LLC now owns 79,762 shares of the company’s stock worth $2,850,000 after purchasing an additional 39,881 shares during the last quarter. GeoWealth Management LLC bought a new stake in First Trust Asia Pacific ex-Japan AlphaDEX Fund in the 2nd quarter valued at about $1,348,000. Jane Street Group LLC bought a new stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund during the 2nd quarter valued at $850,000. Waverton Investment Management Ltd increased its holdings in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 7.1% in the third quarter. Waverton Investment Management Ltd now owns 181,590 shares of the company’s stock worth $6,782,000 after purchasing an additional 12,090 shares during the period. Finally, Brookwood Investment Group LLC purchased a new stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund during the 2nd quarter valued at $219,000.

About First Trust Asia Pacific ex-Japan AlphaDEX Fund

The First Trust Asia Pacific Ex-Japan AlphaDEX Fund (FPA) is an exchange-traded fund that mostly invests in total market equity. The fund selects and weights 100 stocks from the S&P Asia Pacific Ex-Japan BMI Index based on their growth and value factors. FPA was launched on Apr 18, 2011 and is managed by First Trust.