Short Interest in First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Increases By 108.3%

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 38,611 shares, an increase of 108.3% from the January 29th total of 18,534 shares. Based on an average daily volume of 18,804 shares, the short-interest ratio is currently 2.1 days. Approximately 1.2% of the shares of the stock are short sold. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily volume of 18,804 shares, the short-interest ratio is currently 2.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake in First Trust Japan AlphaDEX Fund by 2,389.0% during the first quarter. Jones Financial Companies Lllp now owns 9,309 shares of the company’s stock worth $510,000 after acquiring an additional 8,935 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of First Trust Japan AlphaDEX Fund by 5.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 208,748 shares of the company’s stock worth $12,466,000 after purchasing an additional 11,592 shares during the period. Assetmark Inc. grew its holdings in shares of First Trust Japan AlphaDEX Fund by 21.8% during the 2nd quarter. Assetmark Inc. now owns 84,356 shares of the company’s stock worth $5,038,000 after purchasing an additional 15,091 shares during the period. Atria Investments Inc increased its position in First Trust Japan AlphaDEX Fund by 5.2% during the 2nd quarter. Atria Investments Inc now owns 18,020 shares of the company’s stock worth $1,076,000 after purchasing an additional 893 shares in the last quarter. Finally, Holistic Financial Partners raised its holdings in First Trust Japan AlphaDEX Fund by 4.9% in the second quarter. Holistic Financial Partners now owns 65,508 shares of the company’s stock valued at $3,912,000 after buying an additional 3,051 shares during the period.

First Trust Japan AlphaDEX Fund Stock Performance

FJP stock traded up $1.11 on Friday, reaching $82.44. The company had a trading volume of 10,940 shares, compared to its average volume of 13,488. The company’s fifty day moving average is $73.18 and its 200 day moving average is $68.66. The company has a market cap of $255.55 million, a P/E ratio of 10.49 and a beta of 0.59. First Trust Japan AlphaDEX Fund has a 1 year low of $43.52 and a 1 year high of $82.45.

First Trust Japan AlphaDEX Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $1.3356 dividend. This represents a $5.34 annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Friday, December 12th.

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.