First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Sees Large Increase in Short Interest

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) saw a significant growth in short interest in September. As of September 30th, there was short interest totaling 16,507 shares, a growth of 69.9% from the September 15th total of 9,715 shares. Based on an average daily volume of 9,599 shares, the short-interest ratio is presently 1.7 days. Approximately 0.5% of the shares of the stock are sold short.

First Trust Japan AlphaDEX Fund Stock Performance

FJP stock traded down $2.40 on Thursday, reaching $74.94. The company had a trading volume of 127,972 shares, compared to its average volume of 13,012. The company’s fifty day moving average is $77.72 and its 200 day moving average is $76.47. The company has a market cap of $262.31 million, a P/E ratio of 10.49 and a beta of 0.62. First Trust Japan AlphaDEX Fund has a 1 year low of $63.69 and a 1 year high of $82.45.

Institutional Trading of First Trust Japan AlphaDEX Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Coppell Advisory Solutions LLC purchased a new stake in First Trust Japan AlphaDEX Fund during the 2nd quarter worth about $27,000. Parallel Advisors LLC purchased a new stake in shares of First Trust Japan AlphaDEX Fund during the first quarter worth about $74,000. Concorde Asset Management LLC grew its holdings in shares of First Trust Japan AlphaDEX Fund by 4.3% during the first quarter. Concorde Asset Management LLC now owns 26,413 shares of the company’s stock worth $1,918,000 after buying an additional 1,086 shares in the last quarter. Gateway Wealth Partners LLC grew its holdings in shares of First Trust Japan AlphaDEX Fund by 99.1% during the first quarter. Gateway Wealth Partners LLC now owns 37,752 shares of the company’s stock worth $2,741,000 after buying an additional 18,792 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of First Trust Japan AlphaDEX Fund by 4.1% in the first quarter. Cetera Investment Advisers now owns 124,329 shares of the company’s stock valued at $9,026,000 after buying an additional 4,903 shares during the last quarter.

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.