Short Interest in First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Decreases By 41.5%

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 10,657 shares, a decline of 41.5% from the August 15th total of 18,218 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 8,460 shares, the days-to-cover ratio is currently 1.3 days.

First Trust Japan AlphaDEX Fund Price Performance

Shares of FJP stock traded up $0.71 on Wednesday, reaching $78.14. 7,158 shares of the company were exchanged, compared to its average volume of 11,155. The company has a market cap of $239.11 million, a price-to-earnings ratio of 10.49 and a beta of 0.60. First Trust Japan AlphaDEX Fund has a one year low of $62.01 and a one year high of $82.45. The company has a 50-day moving average of $76.22 and a 200-day moving average of $75.85.

First Trust Japan AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.4847 dividend. This is a positive change from First Trust Japan AlphaDEX Fund’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, June 25th. This represents a $1.94 annualized dividend and a yield of 2.5%.

Institutional Trading of First Trust Japan AlphaDEX Fund

A number of large investors have recently bought and sold shares of the company. Sanctuary Advisors LLC boosted its holdings in First Trust Japan AlphaDEX Fund by 2.2% in the 1st quarter. Sanctuary Advisors LLC now owns 7,510 shares of the company’s stock worth $545,000 after buying an additional 160 shares during the period. BlueChip Wealth Advisors LLC increased its position in shares of First Trust Japan AlphaDEX Fund by 9.6% in the first quarter. BlueChip Wealth Advisors LLC now owns 4,075 shares of the company’s stock worth $296,000 after purchasing an additional 358 shares during the last quarter. HBW Advisory Services LLC raised its position in shares of First Trust Japan AlphaDEX Fund by 7.3% during the 1st quarter. HBW Advisory Services LLC now owns 9,202 shares of the company’s stock valued at $668,000 after buying an additional 629 shares in the last quarter. Private Advisor Group LLC bought a new stake in First Trust Japan AlphaDEX Fund during the first quarter worth about $344,000. Finally, Sound Income Strategies LLC boosted its stake in First Trust Japan AlphaDEX Fund by 82.3% in the first quarter. Sound Income Strategies LLC now owns 370 shares of the company’s stock worth $28,000 after buying an additional 167 shares in the last quarter.

First Trust Japan AlphaDEX Fund Company Profile

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.