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

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 18,218 shares, an increase of 58.5% from the July 30th total of 11,494 shares. Based on an average daily volume of 7,361 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.5% of the company’s shares are sold short.

First Trust Japan AlphaDEX Fund Stock Down 0.8%

FJP stock opened at $76.28 on Wednesday. First Trust Japan AlphaDEX Fund has a 52-week low of $62.01 and a 52-week high of $82.45. The stock’s fifty day simple moving average is $75.92 and its 200-day simple moving average is $76.08. The stock has a market capitalization of $259.35 million, a price-to-earnings ratio of 10.49 and a beta of 0.60.

First Trust Japan AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.4847 per share. This represents a $1.94 annualized dividend and a yield of 2.5%. This is a boost from First Trust Japan AlphaDEX Fund’s previous quarterly dividend of $0.11. The ex-dividend date was Thursday, June 25th.

Institutional Trading of First Trust Japan AlphaDEX Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Transamerica Financial Advisors LLC lifted its holdings in shares of First Trust Japan AlphaDEX Fund by 0.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 30,183 shares of the company’s stock worth $2,028,000 after acquiring an additional 144 shares during the period. Sanctuary Advisors LLC grew its holdings in First Trust Japan AlphaDEX Fund by 2.2% in the first quarter. Sanctuary Advisors LLC now owns 7,510 shares of the company’s stock valued at $545,000 after purchasing an additional 160 shares during the period. Sound Income Strategies LLC grew its holdings in First Trust Japan AlphaDEX Fund by 82.3% in the first quarter. Sound Income Strategies LLC now owns 370 shares of the company’s stock valued at $28,000 after purchasing an additional 167 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in First Trust Japan AlphaDEX Fund by 5.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,379 shares of the company’s stock valued at $227,000 after purchasing an additional 182 shares during the period. Finally, Harbour Investments Inc. increased its position in First Trust Japan AlphaDEX Fund by 7.7% during the fourth quarter. Harbour Investments Inc. now owns 4,457 shares of the company’s stock worth $299,000 after purchasing an additional 317 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.