First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) Sees Significant Increase in Short Interest

First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 11,561 shares, a growth of 48.0% from the December 31st total of 7,812 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average daily volume of 2,110 shares, the days-to-cover ratio is currently 5.5 days. Based on an average daily volume of 2,110 shares, the days-to-cover ratio is currently 5.5 days. Approximately 1.8% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Waverton Investment Management Ltd increased its stake in First Trust Asia Pacific ex-Japan AlphaDEX Fund by 7.1% during the 3rd quarter. Waverton Investment Management Ltd now owns 181,590 shares of the company’s stock worth $6,782,000 after buying an additional 12,090 shares during the period. Synergy Asset Management LLC grew its stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 100.0% in the third quarter. Synergy Asset Management LLC now owns 79,762 shares of the company’s stock worth $2,850,000 after acquiring an additional 39,881 shares in the last quarter. Susquehanna International Group LLP increased its position in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 11.9% during the third quarter. Susquehanna International Group LLP now owns 46,170 shares of the company’s stock worth $1,725,000 after acquiring an additional 4,915 shares during the period. GeoWealth Management LLC purchased a new stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund during the second quarter worth $1,348,000. Finally, Rathbones Group PLC raised its stake in shares of First Trust Asia Pacific ex-Japan AlphaDEX Fund by 11.7% in the fourth quarter. Rathbones Group PLC now owns 36,869 shares of the company’s stock valued at $1,378,000 after acquiring an additional 3,872 shares in the last quarter.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Price Performance

FPA opened at $43.88 on Friday. The firm has a fifty day moving average price of $39.21 and a 200 day moving average price of $38.01. First Trust Asia Pacific ex-Japan AlphaDEX Fund has a 1 year low of $24.19 and a 1 year high of $44.74. The stock has a market cap of $28.52 million, a P/E ratio of 10.39 and a beta of 0.97.

First Trust Asia Pacific ex-Japan AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $1.0012 per share. This represents a $4.00 dividend on an annualized basis and a yield of 9.1%. This is a boost from First Trust Asia Pacific ex-Japan AlphaDEX Fund’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, December 12th.

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.