First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Stock Short Interest Report for September

First Trust Japan AlphaDEX Fund (NASDAQ:FJP) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 16,507 shares, an increase of 69.9% from the September 15th total of 9,715 shares. Based on an average daily volume of 9,599 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC boosted its stake in First Trust Japan AlphaDEX Fund by 82.3% in the first quarter. Sound Income Strategies LLC now owns 370 shares of the company’s stock worth $28,000 after buying an additional 167 shares in the last quarter. Parallel Advisors LLC bought a new position in First Trust Japan AlphaDEX Fund during the first quarter valued at approximately $74,000. Tucker Asset Management LLC raised its stake in shares of First Trust Japan AlphaDEX Fund by 17.8% during the second quarter. Tucker Asset Management LLC now owns 2,762 shares of the company’s stock worth $211,000 after acquiring an additional 418 shares in the last quarter. BFI Infinity Ltd. purchased a new position in shares of First Trust Japan AlphaDEX Fund during the third quarter worth approximately $232,000. Finally, Concurrent Investment Advisors LLC raised its stake in shares of First Trust Japan AlphaDEX Fund by 11.4% during 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 in the last quarter.

First Trust Japan AlphaDEX Fund Trading Down 0.8%

Shares of NASDAQ:FJP traded down $0.58 during trading on Friday, reaching $74.52. The company had a trading volume of 24,677 shares, compared to its average volume of 13,132. The company has a fifty day moving average of $77.64 and a two-hundred day moving average of $76.48. The stock has a market capitalization of $260.82 million, a P/E ratio of 10.49 and a beta of 0.62. First Trust Japan AlphaDEX Fund has a 12 month low of $63.69 and a 12 month high of $82.45.

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.