Short Interest in First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Grows By 150.8%

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 16,300 shares, a growth of 150.8% from the February 28th total of 6,500 shares. Based on an average daily trading volume, of 25,400 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Investors Weigh In On First Trust Japan AlphaDEX Fund

A number of hedge funds have recently made changes to their positions in FJP. Congress Wealth Management LLC DE raised its stake in First Trust Japan AlphaDEX Fund by 1.4% during the 4th quarter. Congress Wealth Management LLC DE now owns 723,800 shares of the company’s stock valued at $37,406,000 after acquiring an additional 9,814 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in First Trust Japan AlphaDEX Fund by 8.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 214,926 shares of the company’s stock worth $11,107,000 after purchasing an additional 16,210 shares during the period. LPL Financial LLC grew its position in First Trust Japan AlphaDEX Fund by 21.0% in the 4th quarter. LPL Financial LLC now owns 124,847 shares of the company’s stock valued at $6,452,000 after buying an additional 21,655 shares in the last quarter. Assetmark Inc. increased its stake in First Trust Japan AlphaDEX Fund by 15.3% during the 4th quarter. Assetmark Inc. now owns 74,491 shares of the company’s stock valued at $3,850,000 after buying an additional 9,910 shares during the period. Finally, Benjamin Edwards Inc. increased its stake in First Trust Japan AlphaDEX Fund by 4,979.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 68,466 shares of the company’s stock valued at $3,716,000 after buying an additional 67,118 shares during the period.

First Trust Japan AlphaDEX Fund Stock Down 2.8 %

First Trust Japan AlphaDEX Fund stock opened at $54.85 on Friday. First Trust Japan AlphaDEX Fund has a 52-week low of $45.39 and a 52-week high of $57.66. The firm has a market capitalization of $189.23 million, a price-to-earnings ratio of 11.30 and a beta of 0.67. The firm has a 50-day moving average price of $54.12 and a two-hundred day moving average price of $52.89.

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.