First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Short Interest Update

Key Points

• The First Trust Japan AlphaDEX Fund (NASDAQ:FJP) experienced a significant decline in short interest, dropping by 55.3% in August, with current short interest at 6,700 shares or 0.2% of total shares.
• Institutional investors are increasingly investing in the fund, with notable increases from firms like Harbour Investments Inc. and FSB Premier Wealth Management Inc., boosting their positions by 5.9% and 8.8% respectively.
• The fund recently raised its quarterly dividend to $0.4626 per share from the previous $0.37, resulting in an annualized dividend of $1.85 and a yield of 2.8%.

First Trust Japan AlphaDEX Fund (NASDAQ:FJP - ) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 6,700 shares, a decline of 55.3% from the August 15th total of 15,000 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 9,000 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 9,000 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

Institutional investors have recently made changes to their positions in the stock. Harbour Investments Inc. increased its stake in First Trust Japan AlphaDEX Fund by 5.9% during the 1st quarter. Harbour Investments Inc. now owns 3,538 shares of the company's stock worth $194,000 after acquiring an additional 198 shares during the period. Snowden Capital Advisors LLC increased its position in shares of First Trust Japan AlphaDEX Fund by 1.9% in the fourth quarter. Snowden Capital Advisors LLC now owns 16,167 shares of the company's stock worth $836,000 after purchasing an additional 299 shares during the period. FSB Premier Wealth Management Inc. raised its stake in First Trust Japan AlphaDEX Fund by 8.8% in the second quarter. FSB Premier Wealth Management Inc. now owns 4,130 shares of the company's stock valued at $247,000 after purchasing an additional 333 shares in the last quarter. OneAscent Financial Services LLC grew its stake in First Trust Japan AlphaDEX Fund by 4.2% during the first quarter. OneAscent Financial Services LLC now owns 13,277 shares of the company's stock worth $728,000 after buying an additional 539 shares in the last quarter. Finally, Rossby Financial LCC bought a new position in First Trust Japan AlphaDEX Fund in the 1st quarter valued at about $31,000.

First Trust Japan AlphaDEX Fund Stock Down 0.3%

Shares of First Trust Japan AlphaDEX Fund stock traded down $0.21 on Friday, hitting $66.97. The stock had a trading volume of 5,824 shares, compared to its average volume of 15,906. The business's 50 day moving average is $62.43 and its two-hundred day moving average is $58.37. First Trust Japan AlphaDEX Fund has a twelve month low of $43.52 and a twelve month high of $68.09. The stock has a market cap of $200.91 million, a price-to-earnings ratio of 10.49 and a beta of 0.67.

First Trust Japan AlphaDEX Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were issued a dividend of $0.4626 per share. This is a boost from First Trust Japan AlphaDEX Fund's previous quarterly dividend of $0.37. This represents a $1.85 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, June 26th.

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.

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