First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Short Interest Down 23.9% in March

First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) was the recipient of a large drop in short interest in March. As of March 13th, there was short interest totaling 9,662 shares, a drop of 23.9% from the February 26th total of 12,694 shares. Currently, 1.5% of the company’s shares are short sold. Based on an average daily volume of 11,362 shares, the days-to-cover ratio is currently 0.9 days.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Price Performance

NASDAQ FPA traded up $1.42 on Tuesday, hitting $43.47. 6,398 shares of the company were exchanged, compared to its average volume of 8,577. First Trust Asia Pacific ex-Japan AlphaDEX Fund has a twelve month low of $24.19 and a twelve month high of $50.67. The firm has a market capitalization of $28.26 million, a P/E ratio of 10.39 and a beta of 0.97. The company’s 50 day moving average price is $45.36 and its 200-day moving average price is $40.75.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be issued a dividend of $0.4187 per share. The ex-dividend date is Thursday, March 26th. This represents a $1.67 dividend on an annualized basis and a dividend yield of 3.9%.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. purchased a new position in First Trust Asia Pacific ex-Japan AlphaDEX Fund during the 2nd quarter worth approximately $130,000. Jane Street Group LLC purchased a new stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund in the second quarter valued at $850,000. Rathbones Group PLC boosted its position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 3.4% in the third quarter. Rathbones Group PLC now owns 32,997 shares of the company’s stock worth $1,233,000 after buying an additional 1,093 shares during the period. GeoWealth Management LLC acquired a new stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund in the second quarter worth $1,348,000. Finally, Susquehanna International Group LLP grew its holdings in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 11.9% during the third quarter. Susquehanna International Group LLP now owns 46,170 shares of the company’s stock valued at $1,725,000 after buying an additional 4,915 shares in the last quarter.

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.