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

Key Points

• Short interest surged 69.9% to 16,507 shares as of September 30, up from 9,715 shares on September 15. Short interest represents 0.5% of outstanding shares, with a short-interest ratio of 1.7 days.
• Several institutional investors increased their FJP holdings during the second quarter, including Citadel Advisors, which boosted its position by 54.9% to 28,635 shares.
• FJP shares fell $2.40 to $74.94 in Thursday trading, compared with a 52-week range of $63.69 to $82.45; the ETF has a market capitalization of approximately $262.3 million.

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

Hedge Funds Weigh In On First Trust Japan AlphaDEX Fund

Large investors have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. lifted its position in shares of First Trust Japan AlphaDEX Fund by 10.1% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,986 shares of the company's stock valued at $304,000 after acquiring an additional 365 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of First Trust Japan AlphaDEX Fund by 2.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 224,636 shares of the company's stock worth $17,145,000 after acquiring an additional 5,849 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of First Trust Japan AlphaDEX Fund by 54.9% in the 2nd quarter. Citadel Advisors LLC now owns 28,635 shares of the company's stock worth $2,186,000 after acquiring an additional 10,144 shares during the period. Tucker Asset Management LLC grew its holdings in shares of First Trust Japan AlphaDEX Fund by 17.8% in the 2nd quarter. Tucker Asset Management LLC now owns 2,762 shares of the company's stock worth $211,000 after acquiring an additional 418 shares during the period. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of First Trust Japan AlphaDEX Fund by 11.4% in the 2nd 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.

First Trust Japan AlphaDEX Fund Stock Performance

First Trust Japan AlphaDEX Fund stock traded down $2.40 during trading hours on Thursday, reaching $74.94. 127,972 shares of the stock were exchanged, compared to its average volume of 13,012. First Trust Japan AlphaDEX Fund has a 52-week low of $63.69 and a 52-week high of $82.45. The stock has a market cap of $262.31 million, a P/E ratio of 10.49 and a beta of 0.62. The firm's 50 day moving average is $77.72 and its 200 day moving average is $76.47.

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.

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