First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Short Interest Up 108.3% in February

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 38,611 shares, a growth of 108.3% from the January 29th total of 18,534 shares. Based on an average trading volume of 18,804 shares, the short-interest ratio is presently 2.1 days. Currently, 1.2% of the company’s stock are sold short. Currently, 1.2% of the company’s stock are sold short. Based on an average trading volume of 18,804 shares, the short-interest ratio is presently 2.1 days.

First Trust Japan AlphaDEX Fund Stock Up 1.4%

FJP traded up $1.11 during trading hours on Friday, hitting $82.44. 10,940 shares of the company’s stock were exchanged, compared to its average volume of 13,488. The stock has a market cap of $255.55 million, a price-to-earnings ratio of 10.49 and a beta of 0.59. First Trust Japan AlphaDEX Fund has a 1-year low of $43.52 and a 1-year high of $82.45. The stock’s 50-day moving average is $73.18 and its two-hundred day moving average is $68.66.

First Trust Japan AlphaDEX Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $1.3356 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $5.34 annualized dividend and a dividend yield of 6.5%.

Institutional Trading of First Trust Japan AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rossby Financial LCC increased its position in First Trust Japan AlphaDEX Fund by 32.7% during the third quarter. Rossby Financial LCC now owns 755 shares of the company’s stock worth $49,000 after acquiring an additional 186 shares during the period. Mariner LLC bought a new position in shares of First Trust Japan AlphaDEX Fund during the fourth quarter worth approximately $217,000. Envestnet Portfolio Solutions Inc. raised its position in shares of First Trust Japan AlphaDEX Fund by 5.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,379 shares of the company’s stock valued at $227,000 after buying an additional 182 shares in the last quarter. BlueChip Wealth Advisors LLC boosted its stake in shares of First Trust Japan AlphaDEX Fund by 7.2% in the third quarter. BlueChip Wealth Advisors LLC now owns 3,717 shares of the company’s stock valued at $242,000 after buying an additional 249 shares during the period. Finally, FSB Premier Wealth Management Inc. grew its position in First Trust Japan AlphaDEX Fund by 8.8% during the second quarter. FSB Premier Wealth Management Inc. now owns 4,130 shares of the company’s stock worth $247,000 after buying 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.