Short Interest in First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Declines By 64.6%

First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) saw a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 3,419 shares, a drop of 64.6% from the March 15th total of 9,662 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 10,675 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Stock Performance

Shares of FPA stock traded up $0.48 during trading hours on Tuesday, hitting $47.27. 3,736 shares of the company were exchanged, compared to its average volume of 33,240. The firm has a market cap of $115.81 million, a P/E ratio of 10.39 and a beta of 0.98. First Trust Asia Pacific ex-Japan AlphaDEX Fund has a fifty-two week low of $28.37 and a fifty-two week high of $50.67. The company has a 50 day simple moving average of $45.64 and a two-hundred day simple moving average of $41.22.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.4187 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $1.67 annualized dividend and a dividend yield of 3.5%.

Institutional Trading of First Trust Asia Pacific ex-Japan AlphaDEX Fund

Several large investors have recently modified their holdings of the stock. Rathbones Group PLC grew its position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 11.7% during the 4th quarter. Rathbones Group PLC now owns 36,869 shares of the company’s stock worth $1,378,000 after buying an additional 3,872 shares during the period. Susquehanna International Group LLP grew its position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 11.9% during the 3rd quarter. Susquehanna International Group LLP now owns 46,170 shares of the company’s stock worth $1,725,000 after buying an additional 4,915 shares during the period. Waverton Investment Management Ltd grew its position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 7.1% during the 3rd quarter. Waverton Investment Management Ltd now owns 181,590 shares of the company’s stock worth $6,782,000 after buying an additional 12,090 shares during the period. Synergy Asset Management LLC grew its position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 100.0% during the 3rd quarter. Synergy Asset Management LLC now owns 79,762 shares of the company’s stock worth $2,850,000 after buying an additional 39,881 shares during the period. Finally, Osaic Holdings Inc. acquired a new stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund during the 2nd quarter worth approximately $130,000.

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.