First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Sees Significant Decline in Short Interest

First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 5,856 shares, a drop of 38.4% from the August 31st total of 9,502 shares. Based on an average daily trading volume, of 1,682 shares, the days-to-cover ratio is presently 3.5 days. Currently, 0.3% of the company’s stock are sold short.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Price Performance

FPA traded down $0.11 during trading on Thursday, hitting $49.52. The company had a trading volume of 1,295 shares, compared to its average volume of 19,472. First Trust Asia Pacific ex-Japan AlphaDEX Fund has a 1-year low of $36.23 and a 1-year high of $58.89. The company has a market cap of $111.42 million, a PE ratio of 10.39 and a beta of 1.10. The business has a 50-day moving average of $48.91 and a 200-day moving average of $49.73.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a dividend of $0.3666 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $1.47 annualized dividend and a dividend yield of 3.0%. This is an increase from First Trust Asia Pacific ex-Japan AlphaDEX Fund’s previous quarterly dividend of $0.1513.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Compass Financial Management LLC bought a new position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund during the second quarter worth about $319,000. Risk Paradigm Group LLC raised its stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 74.6% during the second quarter. Risk Paradigm Group LLC now owns 31,790 shares of the company’s stock valued at $1,751,000 after purchasing an additional 13,578 shares in the last quarter. RPg Family Wealth Advisory LLC lifted its holdings in First Trust Asia Pacific ex-Japan AlphaDEX Fund by 74.2% in the second quarter. RPg Family Wealth Advisory LLC now owns 33,266 shares of the company’s stock worth $1,832,000 after purchasing an additional 14,170 shares during the period. Finally, Rathbones Group PLC grew its position in First Trust Asia Pacific ex-Japan AlphaDEX Fund by 14.5% in the 1st quarter. Rathbones Group PLC now owns 42,208 shares of the company’s stock valued at $1,835,000 after buying an additional 5,339 shares in the last quarter.

About First Trust Asia Pacific ex-Japan AlphaDEX Fund

The First Trust Asia Pacific Ex-Japan AlphaDEX Fund (FPA) is an exchange-traded fund that mostly invests in total market equity. The fund selects and weights 100 stocks from the S&P Asia Pacific Ex-Japan BMI Index based on their growth and value factors. FPA was launched on Apr 18, 2011 and is managed by First Trust.