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

First Trust Japan AlphaDEX Fund (NASDAQ:FJP - Get Free Report) saw a large increase in short interest in 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 short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

Hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in First Trust Japan AlphaDEX Fund during the 3rd quarter valued at $27,000. HBW Advisory Services LLC purchased a new position in shares of First Trust Japan AlphaDEX Fund during the fourth quarter valued at approximately $200,000. ABLE Financial Group LLC purchased a new position in shares of First Trust Japan AlphaDEX Fund during the third quarter valued at approximately $202,000. Sanctuary Advisors LLC bought a new stake in shares of First Trust Japan AlphaDEX Fund during the second quarter valued at approximately $228,000. Finally, Great Valley Advisor Group Inc. raised its stake in shares of First Trust Japan AlphaDEX Fund by 10.5% during the third quarter. Great Valley Advisor Group Inc. now owns 4,305 shares of the company's stock valued at $234,000 after acquiring an additional 410 shares in the last quarter.

First Trust Japan AlphaDEX Fund Stock Performance

Shares of First Trust Japan AlphaDEX Fund stock traded down $0.15 on Thursday, hitting $50.09. The company had a trading volume of 65,680 shares, compared to its average volume of 36,318. The stock has a market capitalization of $180.32 million, a price-to-earnings ratio of 7.05 and a beta of 0.67. The stock has a 50 day moving average of $51.93 and a 200-day moving average of $52.13. First Trust Japan AlphaDEX Fund has a 1 year low of $45.39 and a 1 year high of $55.45.

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 dividend of $0.9722 per share. The ex-dividend date of this dividend was Friday, December 13th.

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.