Short Interest in First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Grows By 130.3%

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the target of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 15,200 shares, a growth of 130.3% from the October 15th total of 6,600 shares. Based on an average daily trading volume, of 9,100 shares, the short-interest ratio is presently 1.7 days.

First Trust Japan AlphaDEX Fund Stock Up 0.6 %

FJP traded up $0.31 during trading hours on Friday, reaching $51.65. 9,207 shares of the company’s stock traded hands, compared to its average volume of 14,253. The firm has a 50-day moving average price of $52.61 and a 200 day moving average price of $52.32. First Trust Japan AlphaDEX Fund has a 52-week low of $45.39 and a 52-week high of $55.45. The firm has a market capitalization of $193.69 million, a PE ratio of 7.05 and a beta of 0.67.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FJP. Great Valley Advisor Group Inc. bought a new stake in First Trust Japan AlphaDEX Fund during the 2nd quarter valued at $201,000. ABLE Financial Group LLC bought a new stake in shares of First Trust Japan AlphaDEX Fund in the third quarter valued at about $202,000. Sanctuary Advisors LLC purchased a new stake in First Trust Japan AlphaDEX Fund in the second quarter worth about $228,000. Patriot Financial Group Insurance Agency LLC grew its holdings in 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 worth $258,000 after acquiring an additional 276 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new position in First Trust Japan AlphaDEX Fund during the 3rd quarter valued at about $317,000.

About First Trust Japan AlphaDEX Fund

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.