Short Interest in First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Decreases By 48.6%

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the recipient of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 8,232 shares, a drop of 48.6% from the December 31st total of 16,008 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,045 shares, the short-interest ratio is currently 0.7 days. Based on an average daily trading volume, of 11,045 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the shares of the stock are short sold.

First Trust Japan AlphaDEX Fund Trading Down 0.4%

FJP stock traded down $0.32 during mid-day trading on Friday, reaching $71.96. 8,036 shares of the stock traded hands, compared to its average volume of 10,877. The stock’s fifty day moving average is $68.71 and its 200-day moving average is $66.03. The company has a market cap of $223.08 million, a P/E ratio of 10.49 and a beta of 0.59. First Trust Japan AlphaDEX Fund has a 52-week low of $43.52 and a 52-week high of $72.41.

First Trust Japan AlphaDEX Fund Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $1.3356 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $5.34 annualized dividend and a yield of 7.4%.

Institutional Trading of First Trust Japan AlphaDEX Fund

Institutional investors have recently bought and sold shares of the business. CW Advisors LLC increased its holdings in shares of First Trust Japan AlphaDEX Fund by 0.7% during the second quarter. CW Advisors LLC now owns 723,322 shares of the company’s stock worth $43,197,000 after buying an additional 4,888 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of First Trust Japan AlphaDEX Fund by 0.6% during the third quarter. Envestnet Asset Management Inc. now owns 210,054 shares of the company’s stock worth $13,688,000 after acquiring an additional 1,306 shares during the last quarter. Rathbones Group PLC lifted its stake in shares of First Trust Japan AlphaDEX Fund by 28.8% in the third quarter. Rathbones Group PLC now owns 107,582 shares of the company’s stock worth $7,011,000 after acquiring an additional 24,059 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in First Trust Japan AlphaDEX Fund by 5.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 92,937 shares of the company’s stock valued at $6,066,000 after acquiring an additional 4,398 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in First Trust Japan AlphaDEX Fund by 25.7% during the 2nd quarter. Cetera Investment Advisers now owns 89,722 shares of the company’s stock valued at $5,358,000 after purchasing an additional 18,358 shares during the period.

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.