First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Short Interest Update

Key Points

• Short interest fell 38.4% to 5,856 shares as of September 15, representing approximately 0.3% of outstanding shares and 3.5 days of average trading volume.
• FPA shares traded down 0.2% to $49.52, while the fund increased its quarterly dividend to $0.3666, or $1.47 annualized, for a 3.0% yield.
• Institutional ownership increased, with RPg Family Wealth Advisory and Risk Paradigm Group each raising their stakes by roughly 74%, while Rathbones Group boosted its holdings by 14.5%.

First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA - ) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 5,856 shares, a decrease of 38.4% from the August 31st total of 9,502 shares. Based on an average daily volume of 1,682 shares, the short-interest ratio is presently 3.5 days. Approximately 0.3% of the company's shares are short sold.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Stock Down 0.2%

Shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund stock traded down $0.11 during trading hours on Thursday, hitting $49.52. The company's stock had a trading volume of 1,295 shares, compared to its average volume of 19,472. The business has a fifty day moving average of $48.91 and a 200 day moving average of $49.73. First Trust Asia Pacific ex-Japan AlphaDEX Fund has a 1-year low of $36.23 and a 1-year high of $58.89. The company has a market capitalization of $111.42 million, a PE ratio of 10.39 and a beta of 1.10.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.3666 dividend. This represents a $1.47 annualized dividend and a yield of 3.0%. This is a boost from First Trust Asia Pacific ex-Japan AlphaDEX Fund's previous quarterly dividend of $0.1513. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Investors Weigh In On First Trust Asia Pacific ex-Japan AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Compass Financial Management LLC acquired a new stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund during the second quarter valued at about $319,000. RPg Family Wealth Advisory LLC lifted its stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 74.2% in the second quarter. RPg Family Wealth Advisory LLC now owns 33,266 shares of the company's stock worth $1,832,000 after acquiring an additional 14,170 shares in the last quarter. Risk Paradigm Group LLC lifted its stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 74.6% in the second quarter. Risk Paradigm Group LLC now owns 31,790 shares of the company's stock worth $1,751,000 after acquiring an additional 13,578 shares in the last quarter. Finally, Rathbones Group PLC boosted its holdings in First Trust Asia Pacific ex-Japan AlphaDEX Fund by 14.5% in the first quarter. Rathbones Group PLC now owns 42,208 shares of the company's stock valued at $1,835,000 after purchasing an additional 5,339 shares during the last quarter.

About First Trust Asia Pacific ex-Japan AlphaDEX Fund

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.