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

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 9,200 shares, an increase of 35.3% from the December 15th total of 6,800 shares. Based on an average trading volume of 13,900 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Transamerica Financial Advisors Inc. lifted its position in shares of First Trust Japan AlphaDEX Fund by 0.8% during the third quarter. Transamerica Financial Advisors Inc. now owns 33,299 shares of the company’s stock worth $1,807,000 after purchasing an additional 258 shares in the last quarter. Great Valley Advisor Group Inc. lifted its holdings in First Trust Japan AlphaDEX Fund by 10.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 4,305 shares of the company’s stock worth $234,000 after buying an additional 410 shares in the last quarter. Truist Financial Corp boosted its position in First Trust Japan AlphaDEX Fund by 2.1% in the 2nd quarter. Truist Financial Corp now owns 21,290 shares of the company’s stock valued at $1,097,000 after buying an additional 440 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of First Trust Japan AlphaDEX Fund during the third quarter valued at about $27,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of First Trust Japan AlphaDEX Fund by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 30,888 shares of the company’s stock worth $1,591,000 after acquiring an additional 792 shares in the last quarter.

First Trust Japan AlphaDEX Fund Trading Up 0.8 %

Shares of FJP opened at $50.47 on Friday. The stock’s fifty day simple moving average is $51.82 and its 200 day simple moving average is $52.11. First Trust Japan AlphaDEX Fund has a twelve month low of $45.39 and a twelve month high of $55.45. The firm has a market capitalization of $179.17 million, a P/E ratio of 7.05 and a beta of 0.67.

First Trust Japan AlphaDEX Fund Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.9722 per share. The ex-dividend date of this dividend was Friday, December 13th.

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.