First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Sees Significant Drop in Short Interest

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) saw a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 15,600 shares, a drop of 44.7% from the June 30th total of 28,200 shares. Based on an average daily trading volume, of 14,000 shares, the days-to-cover ratio is presently 1.1 days.

First Trust Japan AlphaDEX Fund Price Performance

Shares of NASDAQ FJP traded up $0.30 during midday trading on Friday, hitting $51.16. The company’s stock had a trading volume of 5,514 shares, compared to its average volume of 15,585. The business’s fifty day simple moving average is $52.39 and its two-hundred day simple moving average is $52.81. First Trust Japan AlphaDEX Fund has a 1 year low of $46.60 and a 1 year high of $55.44. The firm has a market capitalization of $191.85 million, a price-to-earnings ratio of 7.05 and a beta of 0.67.

First Trust Japan AlphaDEX Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were paid a $0.3729 dividend. This represents a $1.49 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Thursday, June 27th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Coppell Advisory Solutions Corp. purchased a new position in First Trust Japan AlphaDEX Fund in the first quarter worth approximately $2,196,000. US Bancorp DE lifted its stake in First Trust Japan AlphaDEX Fund by 390,933.3% in the first quarter. US Bancorp DE now owns 35,193 shares of the company’s stock worth $1,940,000 after acquiring an additional 35,184 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in First Trust Japan AlphaDEX Fund by 179.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 47,999 shares of the company’s stock worth $2,419,000 after acquiring an additional 30,834 shares during the last quarter. Cetera Investment Advisers lifted its stake in First Trust Japan AlphaDEX Fund by 41.5% in the first quarter. Cetera Investment Advisers now owns 54,906 shares of the company’s stock worth $3,027,000 after acquiring an additional 16,102 shares during the last quarter. Finally, Avantax Advisory Services Inc. lifted its stake in First Trust Japan AlphaDEX Fund by 151.6% in the first quarter. Avantax Advisory Services Inc. now owns 26,654 shares of the company’s stock worth $1,469,000 after acquiring an additional 16,062 shares during 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.