Short Interest in First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Decreases By 48.5%

First Trust Japan AlphaDEX Fund (NASDAQ:FJP - Get Free Report) was the target of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 8,400 shares, a decrease of 48.5% from the March 15th total of 16,300 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 26,100 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Japan AlphaDEX Fund Stock Performance

FJP stock traded down $0.79 during trading on Monday, hitting $53.42. The stock had a trading volume of 16,375 shares, compared to its average volume of 16,401. First Trust Japan AlphaDEX Fund has a 1-year low of $43.52 and a 1-year high of $57.66. The stock has a market cap of $152.25 million, a price-to-earnings ratio of 9.51 and a beta of 0.67. The company's 50 day moving average price is $54.09 and its two-hundred day moving average price is $52.72.

Hedge Funds Weigh In On First Trust Japan AlphaDEX Fund

Several institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of First Trust Japan AlphaDEX Fund during the 4th quarter worth $2,384,000. Jane Street Group LLC boosted its stake in First Trust Japan AlphaDEX Fund by 774.3% in the 3rd quarter. Jane Street Group LLC now owns 45,385 shares of the company's stock worth $2,462,000 after buying an additional 40,194 shares during the last quarter. LPL Financial LLC grew its holdings in First Trust Japan AlphaDEX Fund by 21.0% in the 4th quarter. LPL Financial LLC now owns 124,847 shares of the company's stock valued at $6,452,000 after buying an additional 21,655 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of First Trust Japan AlphaDEX Fund by 8.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 214,926 shares of the company's stock valued at $11,107,000 after acquiring an additional 16,210 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of First Trust Japan AlphaDEX Fund during the 4th quarter worth about $700,000.

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.