Short Interest in First Trust Japan AlphaDEX Fund (NASDAQ:FJP) Expands By 68.7%

Key Points

• Short interest in the First Trust Japan AlphaDEX Fund (NASDAQ:FJP) surged by 68.7% in September, rising from 6,700 shares to 11,300 shares.
• Institutional investors are actively increasing their stakes in FJP, with companies like Harbour Investments Inc. and FSB Premier Wealth Management Inc. boosting their holdings significantly.
• The First Trust Japan AlphaDEX Fund traded at $66.28 on Monday, reflecting a market capitalization of $202.15 million and a 52-week trading range of $43.52 to $68.09.

First Trust Japan AlphaDEX Fund (NASDAQ:FJP - ) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 11,300 shares, a growth of 68.7% from the August 31st total of 6,700 shares. Based on an average trading volume of 10,500 shares, the days-to-cover ratio is currently 1.1 days. Based on an average trading volume of 10,500 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Trading of First Trust Japan AlphaDEX Fund

Several institutional investors have recently bought and sold shares of FJP. Harbour Investments Inc. increased its stake in shares of First Trust Japan AlphaDEX Fund by 5.9% in the first quarter. Harbour Investments Inc. now owns 3,538 shares of the company's stock valued at $194,000 after buying an additional 198 shares in the last quarter. FSB Premier Wealth Management Inc. boosted its stake in shares of First Trust Japan AlphaDEX Fund by 8.8% in the second quarter. FSB Premier Wealth Management Inc. now owns 4,130 shares of the company's stock valued at $247,000 after buying an additional 333 shares during the period. OneAscent Financial Services LLC lifted its stake in First Trust Japan AlphaDEX Fund by 4.2% during the first quarter. OneAscent Financial Services LLC now owns 13,277 shares of the company's stock worth $728,000 after purchasing an additional 539 shares during the last quarter. Rossby Financial LCC acquired a new position in shares of First Trust Japan AlphaDEX Fund during the first quarter worth $31,000. Finally, D.A. Davidson & CO. raised its position in First Trust Japan AlphaDEX Fund by 10.3% during the 1st quarter. D.A. Davidson & CO. now owns 6,712 shares of the company's stock worth $368,000 after purchasing an additional 628 shares during the last quarter.

First Trust Japan AlphaDEX Fund Price Performance

First Trust Japan AlphaDEX Fund stock traded up $0.94 during trading hours on Monday, hitting $66.28. The company had a trading volume of 4,591 shares, compared to its average volume of 15,614. The firm has a market capitalization of $202.15 million, a P/E ratio of 10.49 and a beta of 0.67. The firm's fifty day moving average is $64.55 and its 200-day moving average is $59.50. First Trust Japan AlphaDEX Fund has a fifty-two week low of $43.52 and a fifty-two week high of $68.09.

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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