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

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totaling 15,941 shares, a drop of 27.6% from the March 31st total of 22,003 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average trading volume of 10,260 shares, the days-to-cover ratio is currently 1.6 days.

First Trust Japan AlphaDEX Fund Price Performance

NASDAQ FJP traded down $0.85 during trading on Friday, hitting $74.98. The company’s stock had a trading volume of 11,154 shares, compared to its average volume of 13,401. The company has a market cap of $243.67 million, a PE ratio of 10.49 and a beta of 0.58. The business’s 50 day simple moving average is $74.91 and its 200-day simple moving average is $71.27. First Trust Japan AlphaDEX Fund has a fifty-two week low of $55.53 and a fifty-two week high of $82.45.

First Trust Japan AlphaDEX Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.1139 dividend. This represents a $0.46 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

Several institutional investors have recently added to or reduced their stakes in FJP. Jones Financial Companies Lllp boosted its holdings in First Trust Japan AlphaDEX Fund by 2,389.0% in the first quarter. Jones Financial Companies Lllp now owns 9,309 shares of the company’s stock worth $510,000 after acquiring an additional 8,935 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in First Trust Japan AlphaDEX Fund by 1.8% in the second quarter. Raymond James Financial Inc. now owns 40,196 shares of the company’s stock worth $2,401,000 after acquiring an additional 726 shares in the last quarter. Jane Street Group LLC boosted its holdings in First Trust Japan AlphaDEX Fund by 95.1% in the second quarter. Jane Street Group LLC now owns 13,171 shares of the company’s stock worth $787,000 after acquiring an additional 6,421 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in First Trust Japan AlphaDEX Fund by 19.8% in the second quarter. Benjamin Edwards Inc. now owns 24,516 shares of the company’s stock worth $1,464,000 after acquiring an additional 4,060 shares in the last quarter. Finally, FSB Premier Wealth Management Inc. boosted its holdings in First Trust Japan AlphaDEX Fund by 8.8% in the second quarter. FSB Premier Wealth Management Inc. now owns 4,130 shares of the company’s stock worth $247,000 after acquiring an additional 333 shares in the last quarter.

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.