Short Interest in First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Decreases By 68.8%

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 8,215 shares, a drop of 68.8% from the April 30th total of 26,291 shares. Based on an average daily volume of 7,116 shares, the short-interest ratio is presently 1.2 days. Currently, 0.3% of the company’s shares are short sold.

First Trust Japan AlphaDEX Fund Trading Up 0.5%

Shares of First Trust Japan AlphaDEX Fund stock traded up $0.37 on Friday, hitting $77.99. 7,068 shares of the company traded hands, compared to its average volume of 12,540. First Trust Japan AlphaDEX Fund has a 52 week low of $57.29 and a 52 week high of $82.45. The company has a market cap of $253.47 million, a PE ratio of 10.49 and a beta of 0.59. The stock’s 50 day moving average price is $75.38 and its 200-day moving average price is $72.87.

First Trust Japan AlphaDEX Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.1139 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.6%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its position in First Trust Japan AlphaDEX Fund by 2,389.0% during the first quarter. Jones Financial Companies Lllp now owns 9,309 shares of the company’s stock valued at $510,000 after purchasing an additional 8,935 shares in the last quarter. Raymond James Financial Inc. lifted its position in First Trust Japan AlphaDEX Fund by 1.8% during the second quarter. Raymond James Financial Inc. now owns 40,196 shares of the company’s stock valued at $2,401,000 after acquiring an additional 726 shares during the last quarter. Jane Street Group LLC boosted its stake in First Trust Japan AlphaDEX Fund by 95.1% in the second quarter. Jane Street Group LLC now owns 13,171 shares of the company’s stock valued at $787,000 after acquiring an additional 6,421 shares in the last quarter. Benjamin Edwards Inc. grew its stake in First Trust Japan AlphaDEX Fund by 19.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 24,516 shares of the company’s stock worth $1,464,000 after buying an additional 4,060 shares during the last quarter. Finally, FSB Premier Wealth Management Inc. grew its stake in shares of First Trust Japan AlphaDEX Fund by 8.8% during the second quarter. FSB Premier Wealth Management Inc. now owns 4,130 shares of the company’s stock worth $247,000 after acquiring an additional 333 shares during 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.