Short Interest in First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Declines By 84.2%

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 3,134 shares, a decline of 84.2% from the February 26th total of 19,891 shares. Based on an average trading volume of 12,277 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 12,277 shares, the short-interest ratio is presently 0.3 days.

First Trust Japan AlphaDEX Fund Trading Up 2.9%

Shares of First Trust Japan AlphaDEX Fund stock traded up $2.06 during trading hours on Wednesday, reaching $73.90. The stock had a trading volume of 2,477 shares, compared to its average volume of 12,874. The firm has a market capitalization of $229.09 million, a price-to-earnings ratio of 10.49 and a beta of 0.59. First Trust Japan AlphaDEX Fund has a 1 year low of $43.52 and a 1 year high of $82.45. The firm has a 50 day simple moving average of $75.06 and a two-hundred day simple moving average of $69.75.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp grew its stake in First Trust Japan AlphaDEX Fund by 2,389.0% during the first quarter. Jones Financial Companies Lllp now owns 9,309 shares of the company’s stock worth $510,000 after buying an additional 8,935 shares during the period. Cetera Investment Advisers raised its stake in shares of First Trust Japan AlphaDEX Fund by 25.7% in the 2nd quarter. Cetera Investment Advisers now owns 89,722 shares of the company’s stock valued at $5,358,000 after acquiring an additional 18,358 shares during the period. Global Retirement Partners LLC acquired a new position in shares of First Trust Japan AlphaDEX Fund during the 2nd quarter valued at $249,000. CW Advisors LLC lifted its holdings in shares of First Trust Japan AlphaDEX Fund by 0.7% during the 2nd quarter. CW Advisors LLC now owns 723,322 shares of the company’s stock valued at $43,197,000 after acquiring an additional 4,888 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in First Trust Japan AlphaDEX Fund by 1.8% during the 2nd quarter. Raymond James Financial Inc. now owns 40,196 shares of the company’s stock worth $2,401,000 after purchasing an additional 726 shares during the period.

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.