First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Stock Short Interest Drops 37.8%

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

First Trust Japan AlphaDEX Fund Stock Performance

NASDAQ:FJP traded up $1.26 during trading on Monday, reaching $74.01. The company’s stock had a trading volume of 4,242 shares, compared to its average volume of 12,992. First Trust Japan AlphaDEX Fund has a 12 month low of $65.34 and a 12 month high of $82.45. The firm has a market cap of $270.13 million, a price-to-earnings ratio of 10.49 and a beta of 0.62. The firm has a 50 day moving average of $77.03 and a 200-day moving average of $75.91.

Institutional Trading of First Trust Japan AlphaDEX Fund

Large investors have recently added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC raised its position 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 acquiring an additional 324 shares during the period. Coppell Advisory Solutions LLC bought a new position in shares of First Trust Japan AlphaDEX Fund during the 2nd quarter valued at approximately $27,000. Parallel Advisors LLC bought a new position in shares of First Trust Japan AlphaDEX Fund during the 1st quarter valued at approximately $74,000. Concorde Asset Management LLC increased its stake in shares of First Trust Japan AlphaDEX Fund by 4.3% during the 1st quarter. Concorde Asset Management LLC now owns 26,413 shares of the company’s stock worth $1,918,000 after purchasing an additional 1,086 shares during the last quarter. Finally, Gateway Wealth Partners LLC increased its stake in shares of 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 purchasing an additional 18,792 shares during the last quarter.

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.