First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Short Interest Down 48.6% in January

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

First Trust Japan AlphaDEX Fund Stock Down 0.4%

Shares of NASDAQ:FJP opened at $71.96 on Friday. First Trust Japan AlphaDEX Fund has a 52-week low of $43.52 and a 52-week high of $72.41. The stock has a market cap of $223.08 million, a price-to-earnings ratio of 10.49 and a beta of 0.59. The business has a 50-day moving average price of $68.71 and a 200-day moving average price of $66.09.

First Trust Japan AlphaDEX Fund Dividend Announcement

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

Institutional Trading of First Trust Japan AlphaDEX Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in FJP. D.A. Davidson & CO. lifted its position in First Trust Japan AlphaDEX Fund by 5.4% during the fourth quarter. D.A. Davidson & CO. now owns 7,019 shares of the company’s stock valued at $472,000 after purchasing an additional 358 shares during the period. Sanctuary Advisors LLC raised its stake in shares of First Trust Japan AlphaDEX Fund by 6.8% during the 4th quarter. Sanctuary Advisors LLC now owns 7,350 shares of the company’s stock valued at $494,000 after buying an additional 468 shares during the last quarter. Assetmark Inc. raised its stake in shares of First Trust Japan AlphaDEX Fund by 2.0% during the 4th quarter. Assetmark Inc. now owns 86,895 shares of the company’s stock valued at $5,837,000 after buying an additional 1,731 shares during the last quarter. HBW Advisory Services LLC acquired a new position in shares of First Trust Japan AlphaDEX Fund in the 4th quarter valued at about $576,000. Finally, Triad Wealth Partners LLC purchased a new stake in shares of First Trust Japan AlphaDEX Fund in the fourth quarter worth about $491,000.

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.