First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Shares Shorted: Short Interest Up 69.9% in September

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 16,507 shares, an increase of 69.9% from the September 15th total of 9,715 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily volume of 9,599 shares, the days-to-cover ratio is presently 1.7 days.

Hedge Funds Weigh In On First Trust Japan AlphaDEX Fund

A number of large investors have recently made changes to their positions in the company. Sound Income Strategies LLC raised its holdings in shares of First Trust Japan AlphaDEX Fund by 82.3% in the first quarter. Sound Income Strategies LLC now owns 370 shares of the company’s stock worth $28,000 after buying an additional 167 shares during the period. Parallel Advisors LLC purchased a new stake in First Trust Japan AlphaDEX Fund in the 1st quarter valued at about $74,000. Tucker Asset Management LLC increased its position in shares of First Trust Japan AlphaDEX Fund by 17.8% during the second quarter. Tucker Asset Management LLC now owns 2,762 shares of the company’s stock worth $211,000 after acquiring an additional 418 shares during the period. BFI Infinity Ltd. bought a new stake in shares of First Trust Japan AlphaDEX Fund during the third quarter valued at approximately $232,000. Finally, Concurrent Investment Advisors LLC grew its stake in First Trust Japan AlphaDEX Fund by 11.4% in the second quarter. Concurrent Investment Advisors LLC now owns 3,169 shares of the company’s stock worth $242,000 after purchasing an additional 324 shares in the last quarter.

First Trust Japan AlphaDEX Fund Trading Down 0.1%

NASDAQ:FJP traded down $0.04 during midday trading on Friday, hitting $75.06. 23,245 shares of the company traded hands, compared to its average volume of 13,122. The firm has a market capitalization of $262.69 million, a P/E ratio of 10.49 and a beta of 0.62. The firm’s fifty day moving average is $77.70 and its 200-day moving average is $76.49. First Trust Japan AlphaDEX Fund has a 12-month low of $63.69 and a 12-month high of $82.45.

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.