First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Short Interest Update

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 8,215 shares, a decline of 68.8% from the April 30th total of 26,291 shares. Based on an average daily trading volume, of 7,116 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

A number of institutional investors have recently modified their holdings of FJP. LPL Financial LLC raised its stake in shares of First Trust Japan AlphaDEX Fund by 15.4% in the 4th quarter. LPL Financial LLC now owns 240,113 shares of the company’s stock valued at $16,130,000 after purchasing an additional 32,043 shares in the last quarter. Rathbones Group PLC raised its stake in shares of First Trust Japan AlphaDEX Fund by 28.8% in the 3rd 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 in the last quarter. Gateway Wealth Partners LLC raised its stake in shares of First Trust Japan AlphaDEX Fund by 99.1% in the 1st quarter. Gateway Wealth Partners LLC now owns 37,752 shares of the company’s stock valued at $2,741,000 after purchasing an additional 18,792 shares in the last quarter. Concorde Asset Management LLC raised its stake in shares of First Trust Japan AlphaDEX Fund by 87.1% in the 4th quarter. Concorde Asset Management LLC now owns 25,327 shares of the company’s stock valued at $1,701,000 after purchasing an additional 11,788 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of First Trust Japan AlphaDEX Fund by 8.8% in the 4th quarter. Cetera Investment Advisers now owns 119,426 shares of the company’s stock valued at $8,022,000 after purchasing an additional 9,666 shares in the last quarter.

First Trust Japan AlphaDEX Fund Price Performance

Shares of FJP stock opened at $77.99 on Monday. First Trust Japan AlphaDEX Fund has a 12 month low of $57.29 and a 12 month high of $82.45. The firm has a market capitalization of $253.47 million, a P/E ratio of 10.49 and a beta of 0.59. The company’s fifty day moving average price is $75.38 and its two-hundred day moving average price is $72.91.

First Trust Japan AlphaDEX Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.1139 dividend. This represents a $0.46 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, March 26th.

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.