First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Short Interest Update

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) saw a significant decline in short interest during the month of 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 presently 0.5 days.

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Patriot Financial Group Insurance Agency LLC lifted its position in shares of First Trust Japan AlphaDEX Fund by 5.8% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 5,004 shares of the company’s stock valued at $258,000 after buying an additional 276 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of First Trust Japan AlphaDEX Fund by 6.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 77,251 shares of the company’s stock worth $3,980,000 after purchasing an additional 4,891 shares in the last quarter. Great Valley Advisor Group Inc. bought a new position in shares of First Trust Japan AlphaDEX Fund during the 2nd quarter valued at $201,000. Cetera Investment Advisers grew its position in First Trust Japan AlphaDEX Fund by 41.5% during the 1st quarter. Cetera Investment Advisers now owns 54,906 shares of the company’s stock worth $3,027,000 after acquiring an additional 16,102 shares during the last quarter. Finally, Park Avenue Securities LLC grew its holdings in shares of First Trust Japan AlphaDEX Fund by 6.4% in the second quarter. Park Avenue Securities LLC now owns 11,126 shares of the company’s stock worth $573,000 after purchasing an additional 673 shares during the last quarter.

First Trust Japan AlphaDEX Fund Price Performance

Shares of NASDAQ:FJP traded up $0.37 during trading on Thursday, reaching $51.71. 4,237 shares of the stock were exchanged, compared to its average volume of 14,403. The firm has a market cap 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 of $52.82 and a two-hundred day moving average of $52.34. First Trust Japan AlphaDEX Fund has a 1-year low of $45.39 and a 1-year high of $55.45.

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.