First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Short Interest Down 41.5% in August

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 10,657 shares, a decline of 41.5% from the August 15th total of 18,218 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 8,460 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On First Trust Japan AlphaDEX Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC increased its stake in shares of First Trust Japan AlphaDEX Fund by 2.2% during the first quarter. Sanctuary Advisors LLC now owns 7,510 shares of the company’s stock valued at $545,000 after acquiring an additional 160 shares during the period. BlueChip Wealth Advisors LLC increased its position in shares of First Trust Japan AlphaDEX Fund by 9.6% during the 1st quarter. BlueChip Wealth Advisors LLC now owns 4,075 shares of the company’s stock valued at $296,000 after purchasing an additional 358 shares during the period. HBW Advisory Services LLC raised its stake in shares of First Trust Japan AlphaDEX Fund by 7.3% in the 1st quarter. HBW Advisory Services LLC now owns 9,202 shares of the company’s stock worth $668,000 after buying an additional 629 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of First Trust Japan AlphaDEX Fund in the first quarter valued at $344,000. Finally, Sound Income Strategies LLC lifted its holdings in First Trust Japan AlphaDEX Fund by 82.3% in the 1st quarter. Sound Income Strategies LLC now owns 370 shares of the company’s stock valued at $28,000 after acquiring an additional 167 shares during the last quarter.

First Trust Japan AlphaDEX Fund Price Performance

FJP opened at $78.46 on Friday. First Trust Japan AlphaDEX Fund has a 12 month low of $62.01 and a 12 month high of $82.45. The stock has a market cap of $266.76 million, a P/E ratio of 10.49 and a beta of 0.60. The stock’s 50 day moving average price is $76.28 and its 200 day moving average price is $75.83.

First Trust Japan AlphaDEX Fund Increases Dividend

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

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.