First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Short Interest Up 125.1% in January

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) saw a significant 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. Currently, 0.6% of the company’s shares are sold short. Based on an average trading volume of 10,669 shares, the days-to-cover ratio is currently 1.7 days. Based on an average trading volume of 10,669 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.6% of the company’s shares are sold short.

First Trust Japan AlphaDEX Fund Stock Down 0.3%

Shares of NASDAQ FJP traded down $0.24 during midday trading on Friday, hitting $80.91. The stock had a trading volume of 18,397 shares, compared to its average volume of 13,547. First Trust Japan AlphaDEX Fund has a 1-year low of $43.52 and a 1-year high of $81.68. The company has a market capitalization of $250.82 million, a price-to-earnings ratio of 10.49 and a beta of 0.59. The company has a fifty day moving average price of $70.56 and a 200 day moving average price of $67.28.

First Trust Japan AlphaDEX Fund Announces Dividend

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

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

Several large investors have recently made changes to their positions in FJP. LPL Financial LLC lifted its holdings 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 valued at $16,130,000 after acquiring an additional 32,043 shares in the last quarter. Rathbones Group PLC raised its position 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 period. Cetera Investment Advisers lifted its stake in shares of First Trust Japan AlphaDEX Fund by 25.7% during the second quarter. Cetera Investment Advisers now owns 89,722 shares of the company’s stock worth $5,358,000 after purchasing an additional 18,358 shares in the last quarter. Assetmark Inc. boosted its position in shares of First Trust Japan AlphaDEX Fund by 21.8% in the second quarter. Assetmark Inc. now owns 84,356 shares of the company’s stock worth $5,038,000 after buying an additional 15,091 shares during the period. Finally, Concorde Asset Management LLC grew its stake in shares of First Trust Japan AlphaDEX Fund by 87.1% in the fourth quarter. Concorde Asset Management LLC now owns 25,327 shares of the company’s stock valued at $1,701,000 after buying an additional 11,788 shares in the last quarter.

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.