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

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 10,264 shares, a drop of 37.8% from the September 30th total of 16,507 shares. Based on an average daily trading volume, of 46,415 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the shares of the company are short sold.

First Trust Japan AlphaDEX Fund Stock Up 1.3%

NASDAQ FJP opened at $73.71 on Tuesday. The stock has a market cap of $269.04 million, a P/E ratio of 10.49 and a beta of 0.62. The company’s 50-day simple moving average is $76.96 and its 200 day simple moving average is $75.93. First Trust Japan AlphaDEX Fund has a twelve month low of $65.34 and a twelve month high of $82.45.

Hedge Funds Weigh In On First Trust Japan AlphaDEX Fund

Hedge funds have recently modified their holdings of the stock. Coppell Advisory Solutions LLC bought a new stake in First Trust Japan AlphaDEX Fund during the second quarter worth about $27,000. Gateway Wealth Partners LLC lifted its position in First Trust Japan AlphaDEX Fund by 99.1% during the 1st quarter. Gateway Wealth Partners LLC now owns 37,752 shares of the company’s stock worth $2,741,000 after buying an additional 18,792 shares in the last quarter. Park Avenue Securities LLC acquired a new position in First Trust Japan AlphaDEX Fund during the 3rd quarter worth about $1,022,000. Citadel Advisors LLC grew its holdings in First Trust Japan AlphaDEX Fund by 54.9% during the 2nd quarter. Citadel Advisors LLC now owns 28,635 shares of the company’s stock worth $2,186,000 after acquiring an additional 10,144 shares during the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in First Trust Japan AlphaDEX Fund during the 3rd quarter worth about $576,000.

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.