First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Stock Short Interest Drops 38.4%

First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 5,856 shares, a decrease of 38.4% from the August 31st total of 9,502 shares. Based on an average daily trading volume, of 1,682 shares, the days-to-cover ratio is currently 3.5 days. Approximately 0.3% of the shares of the company are short sold.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Trading Up 0.8%

Shares of NASDAQ FPA opened at $50.05 on Friday. The company has a 50 day simple moving average of $48.95 and a two-hundred day simple moving average of $49.77. The stock has a market cap of $112.61 million, a price-to-earnings ratio of 10.39 and a beta of 1.10. First Trust Asia Pacific ex-Japan AlphaDEX Fund has a 12 month low of $36.23 and a 12 month high of $58.89.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.3666 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This is a positive change from First Trust Asia Pacific ex-Japan AlphaDEX Fund’s previous quarterly dividend of $0.1513. This represents a $1.47 annualized dividend and a yield of 2.9%.

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

A number of institutional investors have recently modified their holdings of the stock. RPg Family Wealth Advisory LLC boosted its position in First Trust Asia Pacific ex-Japan AlphaDEX Fund by 74.2% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 33,266 shares of the company’s stock worth $1,832,000 after purchasing an additional 14,170 shares in the last quarter. Risk Paradigm Group LLC increased its holdings in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 74.6% during the 2nd quarter. Risk Paradigm Group LLC now owns 31,790 shares of the company’s stock valued at $1,751,000 after purchasing an additional 13,578 shares in the last quarter. Compass Financial Management LLC purchased a new position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund during the 2nd quarter valued at approximately $319,000. Finally, Rathbones Group PLC lifted its stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 14.5% in the 1st quarter. Rathbones Group PLC now owns 42,208 shares of the company’s stock valued at $1,835,000 after purchasing an additional 5,339 shares during the period.

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.