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

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the target of a significant increase in short interest in 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 currently 0.7 days.

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of First Trust Japan AlphaDEX Fund by 7.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 82,830 shares of the company’s stock valued at $4,493,000 after acquiring an additional 5,579 shares during the period. Benjamin Edwards Inc. increased its holdings in shares of First Trust Japan AlphaDEX Fund by 4,979.1% in the third quarter. Benjamin Edwards Inc. now owns 68,466 shares of the company’s stock valued at $3,716,000 after purchasing an additional 67,118 shares during the period. Benjamin F. Edwards & Company Inc. increased its holdings in shares of First Trust Japan AlphaDEX Fund by 32.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 67,261 shares of the company’s stock valued at $3,466,000 after purchasing an additional 16,475 shares during the period. Assetmark Inc. raised its stake in shares of First Trust Japan AlphaDEX Fund by 10.6% in the third quarter. Assetmark Inc. now owns 64,581 shares of the company’s stock worth $3,503,000 after purchasing an additional 6,189 shares during the last quarter. Finally, Holistic Financial Partners lifted its holdings in shares of First Trust Japan AlphaDEX Fund by 3.7% during the third quarter. Holistic Financial Partners now owns 51,991 shares of the company’s stock worth $2,820,000 after purchasing an additional 1,865 shares during the period.

First Trust Japan AlphaDEX Fund Stock Up 0.8 %

FJP opened at $50.47 on Friday. The company has a market cap of $179.17 million, a P/E ratio of 7.05 and a beta of 0.67. The firm’s 50-day moving average price is $51.82 and its 200-day moving average price is $52.11. First Trust Japan AlphaDEX Fund has a 52-week low of $45.39 and a 52-week high of $55.45.

First Trust Japan AlphaDEX Fund Dividend Announcement

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

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.