First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Short Interest Up 48.0% in January

First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) saw a significant growth in short interest in January. As of January 15th, there was short interest totaling 11,561 shares, a growth of 48.0% from the December 31st total of 7,812 shares. Currently, 1.8% of the shares of the stock are sold short. Based on an average daily volume of 2,110 shares, the days-to-cover ratio is currently 5.5 days. Based on an average daily volume of 2,110 shares, the days-to-cover ratio is currently 5.5 days. Currently, 1.8% of the shares of the stock are sold short.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Price Performance

Shares of NASDAQ:FPA opened at $43.24 on Tuesday. First Trust Asia Pacific ex-Japan AlphaDEX Fund has a fifty-two week low of $24.19 and a fifty-two week high of $44.74. The business’s fifty day moving average price is $39.32 and its two-hundred day moving average price is $38.08. The stock has a market capitalization of $28.11 million, a price-to-earnings ratio of 10.39 and a beta of 0.97.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $1.0012 dividend. This represents a $4.00 annualized dividend and a dividend yield of 9.3%. The ex-dividend date of this dividend was Friday, December 12th. This is an increase from First Trust Asia Pacific ex-Japan AlphaDEX Fund’s previous quarterly dividend of $0.22.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FPA. Osaic Holdings Inc. acquired a new position in First Trust Asia Pacific ex-Japan AlphaDEX Fund during the 2nd quarter worth about $130,000. Brookwood Investment Group LLC bought a new position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund in the second quarter worth about $219,000. Jane Street Group LLC acquired a new position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund during the second quarter worth approximately $850,000. Rathbones Group PLC grew its stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 15.2% during the second quarter. Rathbones Group PLC now owns 31,904 shares of the company’s stock valued at $1,140,000 after purchasing an additional 4,201 shares during the last quarter. Finally, GeoWealth Management LLC bought a new stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund during the second quarter valued at approximately $1,348,000.

About First Trust Asia Pacific ex-Japan AlphaDEX Fund

The First Trust Asia Pacific Ex-Japan AlphaDEX Fund (FPA) is an exchange-traded fund that mostly invests in total market equity. The fund selects and weights 100 stocks from the S&P Asia Pacific Ex-Japan BMI Index based on their growth and value factors. FPA was launched on Apr 18, 2011 and is managed by First Trust.