First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Stock Short Interest Report for October

First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 10,486 shares, a drop of 75.5% from the September 30th total of 42,884 shares. Based on an average daily volume of 7,648 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.4% of the shares of the stock are short sold.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Stock Performance

Shares of FPA traded up $0.43 during mid-day trading on Wednesday, hitting $44.77. 6,300 shares of the company were exchanged, compared to its average volume of 19,130. The stock has a market cap of $109.70 million, a price-to-earnings ratio of 10.39 and a beta of 1.09. 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 50 day moving average of $48.73 and a 200-day moving average of $48.33.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a dividend of $0.3666 per share. This is an increase from First Trust Asia Pacific ex-Japan AlphaDEX Fund’s previous quarterly dividend of $0.1513. The ex-dividend date was Thursday, September 24th. This represents a $1.47 annualized dividend and a yield of 3.3%.

Hedge Funds Weigh In On First Trust Asia Pacific ex-Japan AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. RPg Family Wealth Advisory LLC boosted its stake in shares of 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 acquiring an additional 14,170 shares during the last quarter. Risk Paradigm Group LLC increased its position 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 worth $1,751,000 after purchasing an additional 13,578 shares in the last quarter. Compass Financial Management LLC acquired a new position in First Trust Asia Pacific ex-Japan AlphaDEX Fund in the 2nd quarter valued at $319,000. Rathbones Group PLC raised its stake 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 purchasing an additional 5,339 shares during the last quarter. Finally, Signal Advisors Wealth LLC acquired a new position in First Trust Asia Pacific ex-Japan AlphaDEX Fund in the 3rd quarter valued at $218,000.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Company Profile

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.