Short Interest in First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Expands By 130.3%

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 15,200 shares, a growth of 130.3% from the October 15th total of 6,600 shares. Based on an average daily trading volume, of 9,100 shares, the short-interest ratio is presently 1.7 days.

First Trust Japan AlphaDEX Fund Price Performance

FJP stock traded down $0.27 on Wednesday, reaching $52.12. 39,111 shares of the company traded hands, compared to its average volume of 14,279. First Trust Japan AlphaDEX Fund has a one year low of $45.39 and a one year high of $55.45. The company has a market cap of $195.45 million, a P/E ratio of 7.05 and a beta of 0.67. The firm has a fifty day simple moving average of $52.67 and a 200-day simple moving average of $52.33.

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rathbones Group PLC boosted its holdings in shares of First Trust Japan AlphaDEX Fund by 35.8% during the 2nd quarter. Rathbones Group PLC now owns 62,999 shares of the company’s stock valued at $3,246,000 after acquiring an additional 16,620 shares during the last quarter. Raymond James & Associates grew its holdings in shares of First Trust Japan AlphaDEX Fund by 11.1% in the second quarter. Raymond James & Associates now owns 25,887 shares of the company’s stock worth $1,334,000 after acquiring an additional 2,582 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in First Trust Japan AlphaDEX Fund by 15.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 25,090 shares of the company’s stock valued at $1,293,000 after acquiring an additional 3,404 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in First Trust Japan AlphaDEX Fund by 5.8% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 5,004 shares of the company’s stock valued at $258,000 after acquiring an additional 276 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of First Trust Japan AlphaDEX Fund by 6.8% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 77,251 shares of the company’s stock valued at $3,980,000 after purchasing an additional 4,891 shares during the period.

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.