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

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the recipient of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 18,534 shares, a growth of 125.1% from the January 15th total of 8,232 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 10,669 shares, the short-interest ratio is presently 1.7 days. Based on an average daily trading volume, of 10,669 shares, the short-interest ratio is presently 1.7 days. Approximately 0.6% of the shares of the company are short sold.

First Trust Japan AlphaDEX Fund Trading Down 0.3%

Shares of FJP traded down $0.24 on Friday, reaching $80.91. 18,397 shares of the company’s stock traded hands, compared to its average volume of 13,547. The stock’s 50 day simple moving average is $70.56 and its two-hundred day simple moving average is $67.28. The stock has a market cap of $250.82 million, a PE ratio of 10.49 and a beta of 0.59. First Trust Japan AlphaDEX Fund has a 52-week low of $43.52 and a 52-week high of $81.68.

First Trust Japan AlphaDEX Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $1.3356 per share. This represents a $5.34 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date was Friday, December 12th.

Institutional Trading of First Trust Japan AlphaDEX Fund

A number of large investors have recently added to or reduced their stakes in the stock. CW Advisors LLC raised its position in First Trust Japan AlphaDEX Fund by 0.7% in the second quarter. CW Advisors LLC now owns 723,322 shares of the company’s stock worth $43,197,000 after acquiring an additional 4,888 shares during the period. LPL Financial LLC increased its stake in shares of First Trust Japan AlphaDEX Fund by 15.4% during the 4th quarter. LPL Financial LLC now owns 240,113 shares of the company’s stock worth $16,130,000 after purchasing an additional 32,043 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in First Trust Japan AlphaDEX Fund by 0.6% in the third quarter. Envestnet Asset Management Inc. now owns 210,054 shares of the company’s stock valued at $13,688,000 after purchasing an additional 1,306 shares during the last quarter. Rathbones Group PLC lifted its stake in First Trust Japan AlphaDEX Fund by 28.8% in the third quarter. Rathbones Group PLC now owns 107,582 shares of the company’s stock valued at $7,011,000 after purchasing an additional 24,059 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in First Trust Japan AlphaDEX Fund by 5.0% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 92,937 shares of the company’s stock valued at $6,066,000 after purchasing an additional 4,398 shares during the period.

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.