First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Sees Large Increase in Short Interest

First Trust Japan AlphaDEX Fund (NASDAQ:FJPGet Free Report) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 9,200 shares, an increase of 35.3% from the December 15th total of 6,800 shares. Based on an average daily volume of 13,900 shares, the days-to-cover ratio is currently 0.7 days.

Hedge Funds Weigh In On First Trust Japan AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC increased its stake in shares of First Trust Japan AlphaDEX Fund by 7.2% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 82,830 shares of the company’s stock worth $4,493,000 after purchasing an additional 5,579 shares in the last quarter. Benjamin Edwards Inc. increased its position in First Trust Japan AlphaDEX Fund by 4,979.1% during the third quarter. Benjamin Edwards Inc. now owns 68,466 shares of the company’s stock worth $3,716,000 after buying an additional 67,118 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in shares of First Trust Japan AlphaDEX Fund by 32.4% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 67,261 shares of the company’s stock worth $3,466,000 after acquiring an additional 16,475 shares during the last quarter. Assetmark Inc. lifted its position in shares of First Trust Japan AlphaDEX Fund by 10.6% in the third quarter. Assetmark Inc. now owns 64,581 shares of the company’s stock valued at $3,503,000 after acquiring an additional 6,189 shares in the last quarter. Finally, Holistic Financial Partners boosted its stake in shares of First Trust Japan AlphaDEX Fund by 3.7% during the third quarter. Holistic Financial Partners now owns 51,991 shares of the company’s stock valued at $2,820,000 after acquiring an additional 1,865 shares during the last quarter.

First Trust Japan AlphaDEX Fund Stock Performance

First Trust Japan AlphaDEX Fund stock opened at $50.47 on Friday. First Trust Japan AlphaDEX Fund has a fifty-two week low of $45.39 and a fifty-two week high of $55.45. The firm has a market capitalization of $179.17 million, a price-to-earnings ratio of 7.05 and a beta of 0.67. The stock’s fifty day moving average is $51.82 and its two-hundred day moving average is $52.11.

First Trust Japan AlphaDEX Fund Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.9722 dividend. The ex-dividend date of this dividend was Friday, December 13th.

About First Trust Japan AlphaDEX Fund

(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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