First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Stock Short Interest Report for October

Key Points

• Short interest fell 75.5% in October to 10,486 shares, representing about 0.4% of FPA’s shares outstanding and a days-to-cover ratio of 1.4.
• Several institutional investors increased or initiated positions, including Risk Paradigm Group, which raised its stake by 74.6%, and Rathbones Group, which increased its holdings by 14.5%.
• FPA shares recently traded at $44.77, while the fund increased its quarterly dividend to $0.3666 per share, implying an annualized yield of approximately 3.3%.

First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA - ) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 10,486 shares, a decline of 75.5% from the September 30th total of 42,884 shares. Based on an average daily volume of 7,648 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.4% of the shares of the company are short sold.

Institutional Trading of First Trust Asia Pacific ex-Japan AlphaDEX Fund

Several institutional investors have recently bought and sold shares of FPA. Cottonwood Capital Advisors LLC increased its position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 3.4% in the third quarter. Cottonwood Capital Advisors LLC now owns 13,774 shares of the company's stock valued at $684,000 after buying an additional 447 shares in the last quarter. Signal Advisors Wealth LLC purchased a new position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund during the 3rd quarter valued at approximately $218,000. Rathbones Group PLC grew its stake in First Trust Asia Pacific ex-Japan AlphaDEX Fund by 14.5% in the 1st quarter. Rathbones Group PLC now owns 42,208 shares of the company's stock valued at $1,835,000 after acquiring an additional 5,339 shares during the period. Compass Financial Management LLC acquired a new stake in First Trust Asia Pacific ex-Japan AlphaDEX Fund in the 2nd quarter valued at $319,000. Finally, Risk Paradigm Group LLC grew its stake in First Trust Asia Pacific ex-Japan AlphaDEX Fund by 74.6% in the 2nd quarter. Risk Paradigm Group LLC now owns 31,790 shares of the company's stock valued at $1,751,000 after acquiring an additional 13,578 shares during the period.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Trading Up 1.0%

Shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund stock traded up $0.43 during trading hours on Wednesday, reaching $44.77. The stock had a trading volume of 6,300 shares, compared to its average volume of 19,130. The stock's 50 day moving average is $48.73 and its 200 day moving average is $48.33. First Trust Asia Pacific ex-Japan AlphaDEX Fund has a twelve month low of $36.23 and a twelve month high of $58.89. The firm has a market capitalization of $109.70 million, a PE ratio of 10.39 and a beta of 1.09.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a dividend of $0.3666 per share. This is an increase from First Trust Asia Pacific ex-Japan AlphaDEX Fund's previous quarterly dividend of $0.1513. This represents a $1.47 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Thursday, September 24th.

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.

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