First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Sees Significant Increase in Short Interest

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 9,200 shares, an increase of 35.3% from the December 31st total of 6,800 shares. Based on an average trading volume of 13,900 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On First Trust Japan AlphaDEX Fund

A number of large investors have recently added to or reduced their stakes in FJP. Wilmington Savings Fund Society FSB acquired a new position in shares of First Trust Japan AlphaDEX Fund during the third quarter valued at about $27,000. Principal Securities Inc. increased its stake in First Trust Japan AlphaDEX Fund by 26.1% during the 4th quarter. Principal Securities Inc. now owns 1,895 shares of the company’s stock valued at $98,000 after purchasing an additional 392 shares in the last quarter. ABLE Financial Group LLC purchased a new position in shares of First Trust Japan AlphaDEX Fund in the third quarter worth $202,000. HBW Advisory Services LLC acquired a new stake in shares of First Trust Japan AlphaDEX Fund during the fourth quarter worth $200,000. Finally, Great Valley Advisor Group Inc. grew its holdings in shares of First Trust Japan AlphaDEX Fund by 10.5% during the third quarter. Great Valley Advisor Group Inc. now owns 4,305 shares of the company’s stock valued at $234,000 after buying an additional 410 shares during the last quarter.

First Trust Japan AlphaDEX Fund Stock Down 0.4 %

Shares of NASDAQ:FJP opened at $52.33 on Friday. The company has a market capitalization of $183.16 million, a price-to-earnings ratio of 7.05 and a beta of 0.67. The firm has a 50 day moving average of $51.74 and a 200 day moving average of $52.04. First Trust Japan AlphaDEX Fund has a 52 week low of $45.39 and a 52 week high of $55.45.

First Trust Japan AlphaDEX Fund Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.9722 per share. The ex-dividend date of this dividend was Friday, December 13th.

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.