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

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

Institutional Trading of First Trust Japan AlphaDEX Fund

Several large investors have recently modified their holdings of FJP. Sanctuary Advisors LLC lifted its position in First Trust Japan AlphaDEX Fund by 4.6% during the fourth quarter. Sanctuary Advisors LLC now owns 5,813 shares of the company’s stock worth $306,000 after purchasing an additional 256 shares during the period. Snowden Capital Advisors LLC raised its position in shares of First Trust Japan AlphaDEX Fund by 1.9% in the 4th quarter. Snowden Capital Advisors LLC now owns 16,167 shares of the company’s stock valued at $836,000 after buying an additional 299 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of First Trust Japan AlphaDEX Fund by 26.1% during the 4th quarter. Principal Securities Inc. now owns 1,895 shares of the company’s stock worth $98,000 after acquiring an additional 392 shares during the period. Great Valley Advisor Group Inc. boosted its position in shares of First Trust Japan AlphaDEX Fund by 10.5% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 4,305 shares of the company’s stock worth $234,000 after acquiring an additional 410 shares in the last quarter. Finally, Tucker Asset Management LLC increased its stake in First Trust Japan AlphaDEX Fund by 43.5% in the fourth quarter. Tucker Asset Management LLC now owns 1,396 shares of the company’s stock valued at $72,000 after acquiring an additional 423 shares during the last quarter.

First Trust Japan AlphaDEX Fund Trading Up 0.5 %

Shares of FJP stock opened at $56.42 on Friday. The stock has a market cap of $194.65 million, a P/E ratio of 11.30 and a beta of 0.67. First Trust Japan AlphaDEX Fund has a 1 year low of $45.39 and a 1 year high of $57.66. The stock has a 50 day simple moving average of $54.03 and a 200 day simple moving average of $52.87.

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.