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

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 10,657 shares, a decrease of 41.5% from the August 15th total of 18,218 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 8,460 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of First Trust Japan AlphaDEX Fund

Large investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC raised its position 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. Parallel Advisors LLC bought a new position in First Trust Japan AlphaDEX Fund during the first quarter valued at approximately $74,000. Tucker Asset Management LLC lifted its holdings in shares of First Trust Japan AlphaDEX Fund by 17.8% during the 2nd quarter. Tucker Asset Management LLC now owns 2,762 shares of the company’s stock valued at $211,000 after buying an additional 418 shares during the period. Concurrent Investment Advisors LLC increased its position in First Trust Japan AlphaDEX Fund by 11.4% during the second quarter. Concurrent Investment Advisors LLC now owns 3,169 shares of the company’s stock valued at $242,000 after acquiring an additional 324 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in First Trust Japan AlphaDEX Fund by 5.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,379 shares of the company’s stock valued at $227,000 after acquiring an additional 182 shares during the period.

First Trust Japan AlphaDEX Fund Stock Performance

Shares of NASDAQ FJP traded up $0.34 during trading hours on Thursday, hitting $78.48. The company’s stock had a trading volume of 3,731 shares, compared to its average volume of 11,112. First Trust Japan AlphaDEX Fund has a 12 month low of $62.01 and a 12 month high of $82.45. The stock has a market cap of $240.15 million, a price-to-earnings ratio of 10.49 and a beta of 0.60. The business has a 50-day simple moving average of $76.22 and a 200-day simple moving average of $75.85.

First Trust Japan AlphaDEX Fund Increases Dividend

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

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.