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

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 16,300 shares, an increase of 150.8% from the February 28th total of 6,500 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average trading volume of 25,400 shares, the short-interest ratio is currently 0.6 days.

First Trust Japan AlphaDEX Fund Price Performance

FJP stock opened at $56.42 on Friday. First Trust Japan AlphaDEX Fund has a one year low of $45.39 and a one year high of $57.66. The stock has a market cap of $194.65 million, a price-to-earnings ratio of 11.30 and a beta of 0.67. The company has a fifty day moving average price of $54.03 and a two-hundred day moving average price of $52.87.

Institutional Trading of First Trust Japan AlphaDEX Fund

Several hedge funds and other institutional investors have recently modified their holdings of FJP. Wilmington Savings Fund Society FSB acquired a new stake in First Trust Japan AlphaDEX Fund during the third quarter worth approximately $27,000. Synergy Investment Management LLC acquired a new stake in First Trust Japan AlphaDEX Fund during the 4th quarter worth approximately $72,000. Tucker Asset Management LLC boosted its stake in First Trust Japan AlphaDEX Fund by 43.5% in the 4th quarter. Tucker Asset Management LLC now owns 1,396 shares of the company’s stock valued at $72,000 after purchasing an additional 423 shares during the period. Principal Securities Inc. grew its holdings in First Trust Japan AlphaDEX Fund by 26.1% in the 4th quarter. Principal Securities Inc. now owns 1,895 shares of the company’s stock valued at $98,000 after buying an additional 392 shares in the last quarter. Finally, HBW Advisory Services LLC bought a new position in First Trust Japan AlphaDEX Fund during the 4th quarter worth $200,000.

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.