First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Sees Significant Growth in Short Interest

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 22,610 shares, an increase of 154.2% from the November 30th total of 8,896 shares. Based on an average daily trading volume, of 8,702 shares, the short-interest ratio is currently 2.6 days. Approximately 0.7% of the shares of the stock are short sold. Approximately 0.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,702 shares, the short-interest ratio is currently 2.6 days.

Hedge Funds Weigh In On First Trust Japan AlphaDEX Fund

A number of institutional investors and hedge funds have recently modified their holdings of FJP. Holistic Financial Partners lifted its holdings in shares of First Trust Japan AlphaDEX Fund by 2.2% in the 3rd quarter. Holistic Financial Partners now owns 66,980 shares of the company’s stock worth $4,365,000 after acquiring an additional 1,472 shares during the last quarter. Envestnet Asset Management Inc. raised its position in First Trust Japan AlphaDEX Fund by 0.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 210,054 shares of the company’s stock worth $13,688,000 after purchasing an additional 1,306 shares during the period. Assetmark Inc. lifted its stake in First Trust Japan AlphaDEX Fund by 1.0% in the third quarter. Assetmark Inc. now owns 85,164 shares of the company’s stock worth $5,550,000 after purchasing an additional 808 shares during the last quarter. Rossby Financial LCC lifted its stake in First Trust Japan AlphaDEX Fund by 32.7% in the third quarter. Rossby Financial LCC now owns 755 shares of the company’s stock worth $49,000 after purchasing an additional 186 shares during the last quarter. Finally, Rathbones Group PLC boosted its position in shares of First Trust Japan AlphaDEX Fund by 28.8% during the third quarter. Rathbones Group PLC now owns 107,582 shares of the company’s stock valued at $7,011,000 after buying an additional 24,059 shares during the period.

First Trust Japan AlphaDEX Fund Price Performance

Shares of NASDAQ FJP traded down $0.51 during mid-day trading on Friday, hitting $67.11. 2,019 shares of the company’s stock traded hands, compared to its average volume of 14,012. First Trust Japan AlphaDEX Fund has a 1 year low of $43.52 and a 1 year high of $69.38. The company’s 50-day moving average is $67.15 and its two-hundred day moving average is $64.12. The company has a market capitalization of $204.69 million, a P/E ratio of 10.49 and a beta of 0.59.

First Trust Japan AlphaDEX Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be given a dividend of $1.3356 per share. The ex-dividend date is Friday, December 12th. This represents a $5.34 dividend on an annualized basis and a yield of 8.0%.

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.