First Trust Asia Pacific ex-Japan AlphaDEX Fund (NASDAQ:FPA – Get Free Report) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 10,486 shares, a drop of 75.5% from the September 30th total of 42,884 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily volume of 7,648 shares, the days-to-cover ratio is presently 1.4 days.
First Trust Asia Pacific ex-Japan AlphaDEX Fund Price Performance
First Trust Asia Pacific ex-Japan AlphaDEX Fund stock traded down $0.36 during mid-day trading on Thursday, hitting $44.42. The company’s stock had a trading volume of 4,002 shares, compared to its average volume of 19,058. The stock has a market cap of $108.83 million, a price-to-earnings ratio of 10.39 and a beta of 1.09. The business has a 50 day moving average price of $48.56 and a 200-day moving average price of $48.39. First Trust Asia Pacific ex-Japan AlphaDEX Fund has a 12 month low of $36.23 and a 12 month high of $58.89.
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. Stockholders of record on Thursday, September 24th were issued a $0.3666 dividend. 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 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Thursday, September 24th.
Institutional Investors Weigh In On First Trust Asia Pacific ex-Japan AlphaDEX Fund
A number of hedge funds and other institutional investors have recently modified their holdings of FPA. Cottonwood Capital Advisors LLC boosted its holdings in First Trust Asia Pacific ex-Japan AlphaDEX Fund by 3.4% during the 3rd quarter. Cottonwood Capital Advisors LLC now owns 13,774 shares of the company’s stock valued at $684,000 after acquiring an additional 447 shares during the period. Signal Advisors Wealth LLC bought a new position in First Trust Asia Pacific ex-Japan AlphaDEX Fund during the 3rd quarter worth approximately $218,000. Compass Financial Management LLC purchased a new position in First Trust Asia Pacific ex-Japan AlphaDEX Fund in the 2nd quarter worth approximately $319,000. RPg Family Wealth Advisory LLC increased its stake in First Trust Asia Pacific ex-Japan AlphaDEX Fund by 74.2% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 33,266 shares of the company’s stock worth $1,832,000 after purchasing an additional 14,170 shares during the period. Finally, Risk Paradigm Group LLC increased 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 worth $1,751,000 after purchasing an additional 13,578 shares during the period.
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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