Short Interest in First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Grows By 50.4%

First Trust Japan AlphaDEX Fund (NASDAQ:FJPGet Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 20,900 shares, an increase of 50.4% from the May 15th total of 13,900 shares. Based on an average daily volume of 13,000 shares, the days-to-cover ratio is presently 1.6 days.

First Trust Japan AlphaDEX Fund Stock Up 1.0 %

First Trust Japan AlphaDEX Fund stock traded up $0.51 during mid-day trading on Friday, reaching $52.10. 6,674 shares of the company’s stock were exchanged, compared to its average volume of 14,292. The business’s fifty day simple moving average is $52.93 and its 200 day simple moving average is $52.47. The firm has a market capitalization of $200.59 million, a PE ratio of 7.05 and a beta of 0.67. First Trust Japan AlphaDEX Fund has a one year low of $46.60 and a one year high of $55.44.

First Trust Japan AlphaDEX Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a $0.2998 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.20 annualized dividend and a dividend yield of 2.30%.

Institutional Trading of First Trust Japan AlphaDEX Fund

Several hedge funds have recently made changes to their positions in FJP. Principal Securities Inc. bought a new stake in shares of First Trust Japan AlphaDEX Fund in the fourth quarter valued at $30,000. Provence Wealth Management Group bought a new stake in shares of First Trust Japan AlphaDEX Fund during the 3rd quarter valued at $95,000. D.A. Davidson & CO. bought a new stake in shares of First Trust Japan AlphaDEX Fund during the 3rd quarter valued at $302,000. Kestra Advisory Services LLC raised its stake in shares of First Trust Japan AlphaDEX Fund by 30.1% during the 3rd quarter. Kestra Advisory Services LLC now owns 6,969 shares of the company’s stock valued at $347,000 after purchasing an additional 1,612 shares during the period. Finally, Hilltop Holdings Inc. raised its stake in shares of First Trust Japan AlphaDEX Fund by 78.7% during the 4th quarter. Hilltop Holdings Inc. now owns 7,388 shares of the company’s stock valued at $372,000 after purchasing an additional 3,254 shares during the period.

First Trust Japan AlphaDEX Fund Company Profile

(Get Free Report)

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.

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