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

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 18,218 shares, a growth of 58.5% from the July 30th total of 11,494 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 7,361 shares, the days-to-cover ratio is currently 2.5 days.

First Trust Japan AlphaDEX Fund Price Performance

FJP opened at $77.05 on Thursday. First Trust Japan AlphaDEX Fund has a fifty-two week low of $62.01 and a fifty-two week high of $82.45. The firm has a market capitalization of $261.97 million, a PE ratio of 10.49 and a beta of 0.60. The company’s 50-day moving average is $75.92 and its 200 day moving average is $76.05.

First Trust Japan AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.4847 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.94 dividend on an annualized basis and a yield of 2.5%. This is an increase from First Trust Japan AlphaDEX Fund’s previous quarterly dividend of $0.11.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FJP. Transamerica Financial Advisors LLC raised its position in First Trust Japan AlphaDEX Fund by 0.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 30,183 shares of the company’s stock valued at $2,028,000 after buying an additional 144 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in First Trust Japan AlphaDEX Fund by 2.2% during the 1st quarter. Sanctuary Advisors LLC now owns 7,510 shares of the company’s stock worth $545,000 after acquiring an additional 160 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of First Trust Japan AlphaDEX Fund by 82.3% in the 1st quarter. Sound Income Strategies LLC now owns 370 shares of the company’s stock worth $28,000 after acquiring an additional 167 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of First Trust Japan AlphaDEX Fund by 5.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,379 shares of the company’s stock worth $227,000 after acquiring an additional 182 shares in the last quarter. Finally, Harbour Investments Inc. raised its holdings in shares of First Trust Japan AlphaDEX Fund by 7.7% in the fourth quarter. Harbour Investments Inc. now owns 4,457 shares of the company’s stock valued at $299,000 after purchasing an additional 317 shares during the last quarter.

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.