First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Short Interest Update

Key Points

• Short interest plunged 84.2% to 3,134 shares as of March 13, leaving a days-to-cover ratio of 0.3 and roughly 0.1% of shares sold short.
• Several institutions changed their positions, notably Jones Financial Companies boosted its stake by 2,389% to 9,309 shares, while CW Advisors holds a large position of 723,322 shares and Cetera owns 89,722 shares.
• FJP traded at $71.84 midday with a 12‑month range of $43.52–$82.45, a market capitalization of $222.7 million, and a P/E ratio of 10.49 (50‑day / 200‑day moving averages: $75.02 / $69.71).

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

Hedge Funds Weigh In On First Trust Japan AlphaDEX Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its stake in shares of 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 valued at $510,000 after acquiring an additional 8,935 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of First Trust Japan AlphaDEX Fund by 25.7% in the second quarter. Cetera Investment Advisers now owns 89,722 shares of the company's stock worth $5,358,000 after purchasing an additional 18,358 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in First Trust Japan AlphaDEX Fund in the second quarter valued at $249,000. CW Advisors LLC increased its holdings in First Trust Japan AlphaDEX Fund by 0.7% in the second quarter. CW Advisors LLC now owns 723,322 shares of the company's stock valued at $43,197,000 after purchasing an additional 4,888 shares during the period. Finally, Raymond James Financial Inc. raised 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 last quarter.

First Trust Japan AlphaDEX Fund Stock Performance

Shares of NASDAQ:FJP traded up $0.25 during midday trading on Tuesday, hitting $71.84. 9,044 shares of the stock were exchanged, compared to its average volume of 13,065. The business's 50-day moving average price is $75.02 and its 200 day moving average price is $69.71. First Trust Japan AlphaDEX Fund has a 12 month low of $43.52 and a 12 month high of $82.45. The stock has a market capitalization of $222.70 million, a price-to-earnings ratio of 10.49 and a beta of 0.59.

About First Trust Japan AlphaDEX Fund

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.

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