Short Interest in First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Declines By 8.3%

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the target of a large decline in short interest in October. As of October 15th, there was short interest totalling 6,600 shares, a decline of 8.3% from the September 30th total of 7,200 shares. Based on an average daily volume of 12,900 shares, the short-interest ratio is currently 0.5 days.

First Trust Japan AlphaDEX Fund Stock Performance

FJP traded up $0.37 on Thursday, hitting $51.71. The company had a trading volume of 4,237 shares, compared to its average volume of 14,403. The stock has a market capitalization of $193.91 million, a price-to-earnings ratio of 7.05 and a beta of 0.67. The stock has a fifty day moving average price of $52.82 and a 200-day moving average price of $52.34. First Trust Japan AlphaDEX Fund has a 12-month low of $45.39 and a 12-month high of $55.45.

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC lifted its position in shares of First Trust Japan AlphaDEX Fund by 22.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 72,360 shares of the company’s stock valued at $3,989,000 after acquiring an additional 13,452 shares in the last quarter. American Institute for Advanced Investment Management LLP lifted its stake in shares of First Trust Japan AlphaDEX Fund by 32.6% in the first quarter. American Institute for Advanced Investment Management LLP now owns 24,485 shares of the company’s stock worth $1,350,000 after buying an additional 6,020 shares in the last quarter. Csenge Advisory Group boosted its position in First Trust Japan AlphaDEX Fund by 7.5% during the first quarter. Csenge Advisory Group now owns 23,008 shares of the company’s stock worth $1,268,000 after acquiring an additional 1,602 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in First Trust Japan AlphaDEX Fund by 10.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 15,969 shares of the company’s stock valued at $880,000 after acquiring an additional 1,515 shares in the last quarter. Finally, US Bancorp DE raised its holdings in First Trust Japan AlphaDEX Fund by 390,933.3% in the 1st quarter. US Bancorp DE now owns 35,193 shares of the company’s stock valued at $1,940,000 after acquiring an additional 35,184 shares during the last quarter.

First Trust Japan AlphaDEX Fund Company Profile

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.